I have often noted how politicians rely on government to remedy all the ills of a relatively small population, while imposing more socialistic restrictions in that effort. While the taxpayer/consumer pays dearly for ineffective efforts.
Just one example: Borrowers who use credit cards, or take out mortgages and loans, make stupid decisions. Government bureaucrats will tell you we need more regulations. Yet you cannot legislate or regulate against stupidity without consequences. Those merely translate into more costly bureaucracy.
Larger print in consumer contracts will surely help. Along with better schools we already pay for.
What government effort actually does is make credit more scarce. And therefore more expensive for those with good and bad credit alike.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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