The recently-passed credit card reform bill is a supposed effort to protect us poor, naïve students from being exploited by the big, powerful credit card companies preying down on us — but honestly, this bill stinks of exactly the kind of paternalism most of us have outgrown by the time we’re in college.
The Senate credit card bill had overwhelming bipartisan support, and passed 90-5 on Tuesday. The reason this bill passed could be a direct result of the involvement of the American public in the political process.
Wealth is a product of the values of creativity, resourcefulness, ambition, intelligence and responsibility. Although money itself has a dollar sign in front, it represents much deeper values that by themselves don’t.