Welcome to another episode of The Chicks on the Right podcast. Today I have with me one of our

favorites, our BFF and sponsor Zach Abraham of Bullwork Capital Management.

Zach, interesting topic that we have for you today. And that is apparently two representatives

that you would not expect to be working together, Anna Paulina Luna and AOC have decided to work together to introduce

a bill that would cap credit card interest rates at 10%, which of course is vastly lower than

most of them are right now. And they're saying they want to do this because they think that this will end

predatory practices. But on the other side, there are critics who are saying this is going to

slow down economic growth. This is going to limit access to credit for low income folks.

Where do you stand on this? You know, this is a tricky one because I am not in favor at all of the current setup,

meaning if you look at usury laws, I want to say, I want to say credit card interest rates

are currently capped at like 30%.

I mean, and they're right up there.

Yeah, right.

Yeah.

Well, I mean, wherever you put the cap, right?

That's where they're going to fall thighs and the same whole time.

So the thing you have to think about and these are always the things that get messed

up in economics is we have an issue and we start treating a symptom

as opposed to looking at the cause, right? Now, sometimes that's all you can do. And in this

situation, I think that there is a, there is a cause, there is, there is reason and justification

to treat the symptom per se, meaning, I do not think if folks fall on tough times or whatever

and miss a credit card payment, that their balance should immediately go from 699 to 2999,

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