Comments on: Economics 101 http://www.showmedaily.org/2008/11/economics-101.html Advancing liberty with responsibility by promoting market solutions for Missouri public policy Fri, 10 Feb 2012 02:56:48 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Sarah Anne http://www.showmedaily.org/2008/11/economics-101.html/comment-page-1#comment-1282 Sarah Anne Tue, 25 Nov 2008 19:33:30 +0000 http://www.showmedaily.org/?p=2008#comment-1282 US Bank recently introduced payroll advance for a flat fee to customers who make regular deposits. US Bank recently introduced payroll advance for a flat fee to customers who make regular deposits.

]]> By: vroman http://www.showmedaily.org/2008/11/economics-101.html/comment-page-1#comment-1279 vroman Tue, 25 Nov 2008 17:03:21 +0000 http://www.showmedaily.org/?p=2008#comment-1279 "by encouraging programs that increase financial literacy" why? you said yourself that the consumers who have very low time preference are better off taking usurous payday loans, than risking overdraft fees. given their circumstances, they're already making the right choice. the solution here is to reduce payroll taxes, so their paychecks go further. what good is a public school finance class going to do? assuming these ppl even graduated from high school, what makes you think govt education actually transfers any knowledge to those forced to consume it? “by encouraging programs that increase financial literacy”

why? you said yourself that the consumers who have very low time preference are better off taking usurous payday loans, than risking overdraft fees. given their circumstances, they’re already making the right choice. the solution here is to reduce payroll taxes, so their paychecks go further. what good is a public school finance class going to do? assuming these ppl even graduated from high school, what makes you think govt education actually transfers any knowledge to those forced to consume it?

]]> By: Josh Smith http://www.showmedaily.org/2008/11/economics-101.html/comment-page-1#comment-1241 Josh Smith Thu, 20 Nov 2008 21:24:46 +0000 http://www.showmedaily.org/?p=2008#comment-1241 Great post, I also really like the first commenter's point. Great post, I also really like the first commenter’s point.

]]> By: Clint Says http://www.showmedaily.org/2008/11/economics-101.html/comment-page-1#comment-1226 Clint Says Thu, 20 Nov 2008 06:10:21 +0000 http://www.showmedaily.org/?p=2008#comment-1226 The economics of the situation that many borrowers find themselves is that payday loans are often cheaper than bouncing checks and paying overdraft fees. This has been shown to be true by the Federal Reserve Bank of NY and the Cyprus Research Group. Consumers are wise to what products are in their best interests. It seems that the desire to limit loan options by uneducated city councils will only increase cost for consumers. The economics of the situation that many borrowers find themselves is that payday loans are often cheaper than bouncing checks and paying overdraft fees. This has been shown to be true by the Federal Reserve Bank of NY and the Cyprus Research Group. Consumers are wise to what products are in their best interests. It seems that the desire to limit loan options by uneducated city councils will only increase cost for consumers.

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