"Trump's Big Swing at Credit Card Interest Rates"

A surprisingly positive assessment at Business Insider...

Articles like this should automatically have a community note by economists telling us about the likely unintended consequences.

I mean, one seems obvious: credit cards will become more difficult to get, no? (I guess this is what's presupposed by the claim that this would drive people to worse kinds of credit.)

Anyway, I tend to automatically dismiss such schemes now because TANSTAAFL...

But I dunno, maybe this isn't as dumb as it sounds.

Hawley supports it...that's something...