We hate hospitals and medical care because “they” charge prices that are too high, especially for “important stuff.”
We hate Walmart because “they” charge too little.
And no, people do not have theories of positive and negative external costs to justify holding both positions.
Yet I’m called a cranky reactionary.
I am waiting for the price police to determine the correct price of a hooker plus a unit of crack, adjusted for big-city prices, in Poughkeepsie. So many variables, too little time for research.
If treated as interest, that makes an interest rate of 69% pa that you are being charged.
Is that legal? I would imagine the government taking a dim view of anybody else charging that interest rate.