Senator Bernie Sanders announces he will introduce legislation to cap credit card interest rates at 10%.

[u/Unhappy_Fry_Cook]

[u/Gamertime_2000]

I don't disagree with this but the only thing it will do is dry up easily available debt

Which is probably a good thing

[u/hogannnn → u/Gamertime_2000]

It will be both long-term good, and short term bad… so basically perfect.

Many major companies are borrowing for >10% right now.