As inflation continues to spiral upward at multi-decade highs and with the U.S. economy now in recession…
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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

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The Democrats' Bidenflation Disaster
By Byron York
Wednesday, April 13 2022
The government says inflation rose 8.5% in March compared to last year – the worst it has been in 40 years, since the bad old days of 1981. While inflation has infected virtually every area of the economy, the worst news concerns some very fundamental human activities: eating, finding warmth and shelter, and moving around. Look deep into the website at the Bureau of Labor Statistics, and you'll see how bad inflation is in those basic areas.  Start with the price of food. BLS says the price of meat, poultry, fish and eggs rose 13.7% annually. The price of cereal and bakery…
 
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Quiz Question   
How many U.S. Presidents have donated virtually all their presidential salaries to various causes?
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Notable Quote   
 
"Flash!We interrupt your inconveniently scheduled recession -- aggravated by crazy congressional spending and absurd tax hikes -- to bring you breaking news from London. Britain's famed 'single-payer' system of national health insurance is in crisis. Again.According to The Telegraph, one of Britain's leading newspapers, the total number of patients waiting for medical care has soared to a record 6…[more]
 
 
—Robert E. Moffit, Ph.D., Senior Fellow in Domestic Policy Studies at The Heritage Foundation
— Robert E. Moffit, Ph.D., Senior Fellow in Domestic Policy Studies at The Heritage Foundation
 
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