State and Local Government / Property Rights

David Stokes Takes Out a Payday Loan

By David Stokes on Jun 15, 2010

Check out the latest entry in our series of economic performance art pieces, in which I take out a payday loan and then quickly lose most of the money at a casino:

Accompanied by my trusty colleauges, John Payne and Josh Smith, I decided that if we were going to write about the payday loan industry we should know exactly what the process involves. I think John summed it up best in the video when he pointed out that it took him less time to buy cars than it took me to get $50 from a payday lender.

About the author

David Stokes

Director of Municipal Policy

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