The New York Times’ Worldview

The Little Guys Win One on Payday Loans

So much of The New York Times’ worldview is wrapped up in this short editorial:

A) Disdain for personal responsibility – It’s not idiot borrowers’ fault for taking on too much debt, it’s the crony capitalists’.

B) Pure, unadulterated government control – The NYT applauds limits on borrowing and sound underwriting, and bemoans the lack of ability to control interest rates…

…Not because those are sound policies for the sake of financial system health, but because they want to control the “little guys.”

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