by FEE, fee.org
– this post authored by Jay Stooksberry
In a previous life, I worked in sales. But not just your everyday, run-of-the-mill brand of sales: I worked in a sleazy industry that championed predatory lending practices and distorted the pricing of its lackluster product, which often sent my clients spiraling down a rabbit hole of debt. And to make matters worse, this entire enterprise was buoyed by your tax dollars, so – regardless of macroeconomic patterns – this dubious marketplace remains untouchable.