Bernie and Ocasio-Cortez Declare War on the Poor With Anti-Credit-Card Law | Mises Institute

Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez unveiled sweeping new legislation on Thursday that would impose a federal cap of 15% on credit-card interest rates. The bill would also allow state governments to set interest-rate ceilings even lower than the federal mandate.
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The politicians seldom have the right answer and the unintended consequences of their actions often hurt those they claim to protect.

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