The Tom Woods Show, episode 1415.

Prepare to set fire to the index card of allowable opinion.

Your daily dose of liberty education starts here, the Tom Woods Show.

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through ronpaulhomeschool.com. Hey, everybody, Tom Woods here, talking today about consumer credit.

And, of course, in particular these days, we've been hearing about the possibility of capping interest

rates that can be charged on credit cards. This is supposed to be a measure that will help poor people.

We're going to try and sort all that out today with Professor Todd Zawicki, who is a law professor

at the Antonin Scalia School of Law at George Mason University. Todd, welcome to the show.

Thanks, Tom. Great to be here. You and I were just saying that this is a case of the man and the

moment have met. In a way, it reminds me of the days of the Clinton impeachment when suddenly

scholars of Andrew Johnson were called upon all over the place to talk about the history of impeachment.

There was a great renaissance of interest in Andrew Johnson. And likewise here, because you, of course,

for a long time have been an expert on the subject of consumer credit. And now we're hearing

this proposal from Alexandria Ocasio-Cortez and Bernie Sanders to put a cap on the interest rates that credit card

companies can charge.

And that's supposed to help poor people.

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