In the Media

Prof. Christopher Palmer speaks with WBUR On Point host Meghna Chakrabarti about Americans and credit card debt, and how an interest rate cap could affect households across the country. “Anytime you have a price control, it has unintended consequences,” says Palmer. “Sometimes they're subtle. In this case, they're not subtle to see. We have lots of countries, lots of places where we've studied the effect of a cap on interest rates, and we see all sorts of unintended consequences.”