George McGovern on Economic Paternalism

Payday lending has become big. Now, it’s just a matter of taking sides to see who wins. for the middle 80%, these sides are dictated by the press.

I came across an interesting post by It centered around an op-ed done by former senator George McGovern. It’s worth reading his biography on Wikipedia, here.

He takes on mortagages, healthcare and payday loans. What’s interesting about this post is that Senator McGovern’s stance on big government, especially since he is a Democrat and won the presidential nomination in 1972.

His main point is this “Freedom means responsibility.” He also goes on to say, “The nature of freedom of choice is that some people will misuse their responsibility and hurt themselves in the process. We should do our best to educate them, but without diminishing choice for everyone else.”

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