No Wonder Macy’s is Going Out of Business
January 20, 2025
I have no credit card debt and no car payment and my credit score is in the 800s. I got a letter from Macy’s telling me that my old Macy’s credit card that I haven’t used in years will have its interest rate increased from 22% to 30%. This is Macy’s response to Amazon.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
The "Hamiltonian Constitution" versus the Actual Constitution