The news reports call it a “25% per month” interest rate. That’s probably because the editors couldn’t quite believe the APR of some 1355%. That’s what the New Hampshire House and Senate let sleazy loan sharks charge poor people.
Nobody who isn’t desperately poor would borrow money this way. Nobody with a shred of human decency would commit this contemptible usury. But this is the commerce our General Court promotes.
We have different views of our communities. Most of us like the friendliness and neighborliness of Bedford Falls.
The Repoublicans we let into the legislature say “New Hampshire Advantage” and dream of Pottersville.