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Thursday, June 22, 2017

Comments

John

Yet another article presupposing that access to credit is an unalloyed good thing. Diminishing access to (often expensive) credit is not necessarily harmful to consumers.

Matthew Bruckner

And a PDF of the full article is available here: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0ahUKEwiy7OGH9tLUAhWCPD4KHaSQDvMQFggsMAE&url=https%3A%2F%2Fwww.newyorkfed.org%2Fmedialibrary%2Fmedia%2Fresearch%2Fstaff_reports%2Fsr814.pdf%3Fla%3Den&usg=AFQjCNHso5Tuy9UZH4li-n07iKi2fyHATQ

Matthew Bruckner

Perhaps I should read the whole thing but I find the assertions contradictory.

First, in more regulated states, there is less credit and people borrow less. Yet the next paragraph states that consumers are more likely to overborrow in those states. Perhaps the first paragraph is referring to a median borrower and the second to particular individuals?

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