© Bill Lemmond (Actually, you're welcome to download and share these web-resolution images, and you probably won't be happy with printing them.)
Pizza from Scratch presents Dismal Science Swamp 'toon 176
26 January, 2009
Dr. Lux Luther, Peter's uncle, sets out to do evil and reforms the payday loan industry on Earth 14.
|... back when||Comic|
|all the cats|
Here I tried to make a touch of economics be funny, while making a point about an industry that I don't think is helping. The best I've heard said about payday loans are that they're an absolute last result for a loan.
Congress actually had to pass legislation limiting annual percentage rate on payday loans to 36%, for armed service members. This is because many were not deployable overseas because of debts.
Peter is staggering under the weight of a hardback copy of the annotated Inquiry into the Wealth of Nations, the 18th-century foundational, classic work of modern economics, by Adam Smith.
It gets better.