This week's piece is on the NDP's predictably endearing election-platform proposal to impose a ceiling on credit-card interest rates. I expect at least half of our micro principles students could tell their parents why this is probably a bad idea. However, at the end of the article there is a reference to an interesting alternative way to reduce credit card debt - eliminate any mention of a minimum payment from the bills. If this actually works, then one has to wonder - why does it?
