Todd Zywicki was right all along about bankruptcy reform, and he's right about the impending financial products safety panel in today's Wall Street Journal.
Ideas like the safety panel he's responding to make a bad assumption that people are powerless and at the mercy of big banks and lenders. The better idea is to treat people like adults, educate them, and let them take responsibility for their financial decisions. This worldview that treats everyone like helpless children ends up becoming a self-fulfilling prophecy.
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