BuckeyeBlog

In their quest to continue one-upping Democrats in taking away your freedom, Republicans in the General Assembly introduced legislation yesterday to effectively ban payday lending in Ohio. Based on the notion that some people are too stupid to make their own financial choices, this legislation should illustrate how far the supposed party of the free market has embraced the fatal conceit that the government should dictate your financial choices.

House Speaker Jon Husted makes this clear with his assertion that “While a lot of people would prefer that we minimize some of the regulations regarding borrowing, clearly as a nation and as consumers we cannot handle it very well.” Yes, some people cannot manage their own economic lives well. However, some others cannot manage the state budget very well. Has Mr. Husted forgotten about the financial difficulties facing the state? Perhaps when legislators solve those problems — and also find a way to stimulate growth in Ohio’s economy — they can lecture the rest of us on how we “cannot handle borrowing very well.”

This entry was posted on Wednesday, April 30th, 2008 at 8:52 am and is filed under Regulation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.