Posted inPolitics

Why a 10% Credit Card Interest Rate Cap Would Harm Consumers and the Economy

President Donald Trump recently proposed a one-year cap on credit card interest rates at 10 percent to shield Americans from high borrowing costs in an effort to address affordability. The proposal is well-intentioned for policymakers seeking to address rising debt burdens. Yet this idea has already faced scrutiny in Congress. Last year, Senator Josh Hawley […]

Posted inTechnology

Education and Outreach, Not Regulation, Key to Preventing Downsides of AI Chatbots

The cut-off of Character.ai chatbot accounts to youth, resulting in them “saying tearful goodbyes to their AI companions,” has brought the issue of youth chatbot and AI access back into public attention.   A variety of concerns have been raised regarding generative artificial intelligence systems such as chatbots. A Character.ai teen suicide drew significant attention to the potential harms that […]

Posted inHealthcare

Getting to the Bottom of the Cannabis Debate

A fair way to explain Donald Trump’s December executive order to increase medical marijuana and cannabidiol research is an overused, but appropriate, phrase in this case: cautious optimism. The rationale for the order to reclassify cannabis to give scientists and manufacturers of cannabis the liberty to complete the necessary research on safety and efficacy to inform doctors […]

Posted inFinance

Netflix Grows the Old-Fashioned Way

The story of Netflix is the story of American capitalism. The idea for the company was born when one of the founders was charged a late fee for returning a rented videotape. Anyone who lived in the 1980s or ’90s will remember both tapes and late fees, which could pile up if you misplaced a […]

Posted inPolitics

Close the Stablecoin Loophole to Protect Rural Communities 

Innovation, including financial innovation, is critical for driving our economy forward and increasing prosperity. However, major changes must be paired with thoughtful safeguards to make sure Mainstreet communities are not hollowed out and forgotten. That’s why I’m sounding the alarm about the stablecoin loophole that threatens to devastate the very communities President Donald Trump has […]