Wednesday, April 22, 2009

Credit Cards

As usual, I must explain to you what is really going on. In this case the question is whether to restrict credit card companies from charging such high interest. In reality this is the first tangible sign of the price then wage controls that politicos always try after they have hyper-inflated the money supply as they are doing now.

I don't think they will try it again with gasoline like back in the 1970 gas-line era spawned by those controls. However, perhaps food because food is a right, remember? Electric and natural gas could be victims if they don't pony up enough campaign bribes. Naturally, the oligarchy will get their managers in Congressmen clothing to pass wage controls down the road.

So prepare yourselves.


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