The Lie That’s Inflating Your Credit Card Bills
Credit card companies doubled interest rates on the false claim of inflated financial risk — and now to fight new late-fee rules, they’re threatening to raise them even higher.
Economic Policy
The Fed Is Behind The Credit Card Merger
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Sirota’s Signals: It’s The Cost Of Money, Stupid
Plus, the lost Richard Lewis interview, a huge sale in D.C., a long-forgotten anniversary, and the unfortunate return of Arthur Laffer.
Ending The Ivy League’s Tax Dodge
As efforts mount to finally tax private universities’ massive endowment funds, wealthy institutions are fighting back.
Sirota’s Signals: Yes, $13,000 Per Hour
Plus, the truth about your credit cards, the scourge of our distraction economy, Honest Abe’s dying wish, banning your right to cold beer, and much more.
Your Bank Traps You. Here’s The Fix.
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options.
Bidenomics Failed Its Inflation Test
Economist Hal Singer on Team Biden’s refusal to aggressively tackle rising prices — and why we’re all worse off because of it.
The Great Bank Robbery of 2023 (UPDATE)
The nation’s biggest banks are netting big profits from rising interest rates while ripping off everyone else.
The Happiness Guru Who Immiserated America
A right-wing operative cashes in on convincing liberals that he’s the cure for the despair he sowed.
The Missing Inflation Data
The Biden administration is getting bad data and bad advice — but there’s a way out.