As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession…
CFIF on Twitter CFIF on YouTube
Amid Recession and High Inflation, Groups Like the "National Consumer Law Center" Seek to Narrow Rather Than Expand U.S. Consumer Lending Options

As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession, maintaining an "all of the above" array of lending options for American consumers becomes more and more important.  Unfortunately, activist groups like the "National Consumer Law Center" aim to do the opposite and limit rather than expand consumer options.

For a sense of consumers' growing desperation, consider a Federal Reserve report on exploding credit card debt, as highlighted by Steve Cortes:

How have consumers dealt with these skyrocketing prices? The simple answer, unfortunately: via credit cards, particularly for working-class households. Just last week, the Federal Reserve Bank of New York issued a damning report on this credit binge for consumers, into a pronounced economic…[more]

August 18, 2022 • 06:06 PM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's Courtroom Legal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts
Democrats Wanted to Intimidate Justices. Now It's Getting Dangerous
By David Harsanyi
Friday, June 10 2022
"I want to tell you, Gorsuch. I want to tell you, Kavanaugh. You have released the whirlwind, and you will pay the price. You won't know what hit you if you go forward with these awful decisions." Those were the words of the Senate Majority Leader Chuck Schumer, one of the most powerful elected officials in the nation, in March 2020. After spending years cynically delegitimizing the high court, Schumer had moved to openly threatening lifetime-appointed judges, by name, because he feared they would knock down the concocted constitutional right to an abortion. Initially, Schumer refused…
 
Familiarity Breeds Contempt: Trust in Government Falls to 20% in Pew Survey
The bigger government gets, the more it micromanages our lives, the more Americans distrust it.  …
Read more...
The Subordinate Citizen
I recently led a group of about 100 citizens to tour Israel for nearly two weeks. Before returning to…
Read more...
 
Remote Work Needs to End
America needs to go back to work. Elon Musk ordered Tesla employees back to the office full time last…
Read more...
Biden Barges In
There's something remarkable about the gun debate that has arisen in the aftermath of the school shooting…
Read more...
 
Yes, Biden Deserves Blame for Inflation
President Joe Biden has written an op-ed for The Wall Street Journal detailing his plan to fight inflation.…
Read more...
Dear Joe: It’s the Substance, Stupid
As Joe Biden’s approval trails every president on record and crises of his own making accumulate…
Read more...
 
Trumpology
Former President Donald Trump has signaled he will announce his presidential intentions after the November…
Read more...
Beware Fauci's Scheme To Empower the World Health Organization
When the next pandemic hits, President Joe Biden wants the World Health Organization – a…
Read more...
 
A 2024 Trump-Biden Death Match?
For all the speculation that goes on around Donald Trump and the 2024 Republican presidential nomination…
Read more...
A Cabinency of Dunces
As the nation sinks inexplicably into self-created crisis after crisis, debate rages whether President…
Read more...
Quiz Question   
How many U.S. Presidents have donated virtually all their presidential salaries to various causes?
More Questions
Notable Quote   
 
"The surest sign that public policies are simply virtue signals is when the messages don't cost anything. The easiest way to tell when that signal starts to fail is to watch politicians flounder as the costs start to rise and voters demand relief. ...Changes like this happen when voters realize the old virtue signals actually entail serious costs -- and that they will have to pay them. That is exactly…[more]
 
 
—Charles Lipson, the Peter B. Ritzma Professor of Political Science Emeritus at the University of Chicago
— Charles Lipson, the Peter B. Ritzma Professor of Political Science Emeritus at the University of Chicago
 
Liberty Poll   

How many times a week do you feel misled by news stories?