Banks Don’t Intentionally Overcharge Credit Card Customers…Or Do They?

Consumer credit cards and many other forms of consumer finance are not negotiated in fair and free markets because they aren’t negotiated at all.  Consumers have a take it or leave it choice and since most consumer don’t understand the terms of their contract the choice of take it or leave it isn’t even a real choice.  Economists and regulators shouldn’t pretend that the invisible hand of market discipline will fix anything.

Author: Khürt Williams

I work in application security architecture and I live in Montgomery Township, New Jersey with my wife Bhavna. Passionate about photography, you’ll find me writing about cybersecurity, tropical aquariums, terrariums, hiking, craft breweries, and capturing birds on camera. My prose is like a caffeinated squirrel—fast, unpredictable, and occasionally insightful.