Another lesson in basic economics.

https://thedailyeconomy.org/article/capping-card-interest-rates-wont-make-credit-cheaper/

Capping Card Interest Rates Won’t Make Credit Cheaper

… All price controls are based on the idea that the price is the problem to be solved. It is not. It is merely the symptom of some underlying issue in supply and demand for whatever good, service, or asset is under discussion. This is the same for minimum wages – which are price floors – or caps on credit card fees, which are price ceilings, just like rent controls.  

An interest rate is a price like any other. Specifically, it is the rental price of capital, and it is set by the supply of and demand for capital: where demand is high relative to supply, the price will be high, and where it is low, the price will be low, ceteris paribus.  

If a market interest rate is high, reflecting high demand for capital relative to the supply of it, setting a legal maximum rate below it will neither expand the supply of nor reduce the demand for credit. Quite the opposite. If demand was high relative to supply at a rate of, say, 10 percent, it is only likely to increase if a legal maximum of 5 percent is introduced. On the other side, those supplying credit at 10 percent are likely to supply less of it at 5 percent.

The “not ICE” version…

https://www.bespacific.com/cbp-murdered-alex-jeffrey-pretti-in-minneapolis-mn-on-january-24-2026/

CBP Murdered Alex Jeffrey Pretti in Minneapolis MN on January 24, 2026.