Our current Freakonomics broadcast episode “Are pay day loans Really because wicked as individuals state?” explores the arguments pros and cons payday financing, that offers short-term, high-interest loans, typically marketed to and utilized by individuals with low incomes. Pay day loans attended under close scrutiny by consumer-advocate teams and politicians, including President Obama, whom state these financial loans add up to a kind of predatory financing that traps borrowers with debt for durations.. Read More