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“I Know What’s Best for Me”

Thursday, October 16th, 2008 By Marc Kilmer

Amazingly, the Cleveland Plain Dealer published a column yesterday that doesn’t blindly repeat the “payday lenders are the devil” mantra that emanates from the paper’s editorial board. Columnist Phillip Morris went out and actually talked to peoople who use payday loans. Did he find the ignorant borrowers who desperately take loans in desperation? No, he found intelligent people who were making a financial choice that was rational to them. As one borrower said, “These people give me a service I need. I know what’s best for me.” It’s too bad that Ohio’s policymakers feel differently.

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This entry was posted on Thursday, October 16th, 2008 at 5:45 pm and is filed under Economic Freedom. 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.

One Response to ““I Know What’s Best for Me””

  1. “I Know What’s Best for Me” Says:
    October 16th, 2008 at 6:52 pm

    [...] Jeremy Jones wrote an interesting post today onHere’s a quick excerptAmazingly, the Cleveland Plain Dealer published a column yesterday that doesn’t blindly repeat the “payday lenders are the devil” mantra that emanates from the paper’s editorial board. Columnist Phillip Morris went out and actually talked to peoople who use payday loans. Did he find the ignorant borrowers who desperately take loans in desperation? No, he found [...] [...]

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