Freedom to Borrow Discussion on The Jack Tomczak Show

Over the weekend, Domestic Policy Caucus Secretary/Treasurer Kent Kaiser, Ph.D., guest-hosted The Jack Tomczak Show on WTTC 1280AM The Patriot Radio to discuss several key issues facing Minnesotans. Guest Patrick Brenner, president of the Southwest Public Policy Institute. Brenner, along with two University of Minnesota students, published a report titled “No Loan For You, Too!” The report highlights the unintended consequences of interest rate caps on the individual consumer’s ability to borrow money.

Brenner discussed key findings from No Loan For You, Too! Brenner stated that one of the key findings was, “When you institute a rate cap, you're implementing a price control. A price control creates a marketplace that is ripe for abuse, because nobody has any other options at that point.”

Listen to the full discussion here.