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Norm has a a post up on on pay-day lending today over at Decision 2008 that is worth considering. In it, George McGovern…yes, THAT George McGovern…discusses the unintended consequences of tinkering with free market economics. Which brings me to this conclusion: when politicians mess with Adam Smith, we, the people, usually end up with a good swift slap from the “invisible hand.”
McGovern’s entire op-ed in the Wall Street Journal also discusses government intervention in the sub-prime market and health-care.
