by Rick Lowe
For some reason politicians feel a need to feed the myth that all businesses are corrupt and take advantage of their clients.
Here's an example:
The president of the United States, Barack Obama, recently headed another of his daily press conferences where he was accusing credit card companies of "gouging" their clients and as president he was going to fix that and sign a bill that was to be presented or is before the US Congress.
It is somewhat amusing, no down right disgraceful when politicians threaten to make a business practice "fair" to protect the consumer, yet they never see the unfairness of government taxation or see the need to protect the citizen from its voracious appetite.
You see, consumers choose to do business with a credit card company for example, but do we voluntarily do business with government or are we forced under the threat of fines or imprisonment to do what the political class want us to do?
For another angle on the same subject visit Cafe Hayak, where Dr. Don Boudreaux spells it out pretty clearly in this post...
I wonder if Barack and Co will offer cheap credit any time soon?
