Unfortunately, full articles online are available only to subscribers, and I'm not about to key in the entire thing, so I'll just suggest Thomas Geohagan's "Infinite Debt: How Unlimited Interest Rates Destroyed the Economy," the cover article for April.

He makes a convincing case that the end of usury laws did a lot more than just get more people into debt--it distorted our entire economy in ways I hadn't thought of before.

The same issue also continas an article on payday lenders that focuses on the Tennessee man who takes "credit" for founding the industry.

Informative and infuriating stuff.

Unfortunately, full articles online are available only to subscribers, and I'm not about to key in the entire thing, so I'll just suggest Thomas Geohagan's "Infinite Debt: How Unlimited Interest Rates Destroyed the Economy," the cover article for April.

He makes a convincing case that the end of usury laws did a lot more than just get more people into debt--it distorted our entire economy in ways I hadn't thought of before.

The same issue also continas an article on payday lenders that focuses on the Tennessee man who takes "credit" for founding the industry.

Informative and infuriating stuff.