The Corner

Economy & Business

A Defense of Payday Loans

Peter van Doren finds little evidence for its rumored harms and solid evidence for its benefits. If the industry is so exploitative, where are the excess profits?

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Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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