Jim Fedako Archives
Payday Lending, RIP
Ohio has effectively shut the door on payday lending. The state legislature -- a bunch of nanny do-gooders -- recognized the seen: the closing of 1,600 payday stores and the loss of some 6,000 jobs. But these same folks missed the unseen: the tens or hundreds of millions of dollars invested in these businesses; with investment losses to be suffered by many, unknown Ohioans.
Of course, these losses are bound to ripple through Ohio's rust belt economy, creating unpredictable effects.
These types of state interventions in the market reduce future investment in capital. An investor has to consider the consumer, the market, and the state. Of those three, the state has become the most volatile, the greatest unkown.
Payday lending is gone in Ohio. Current and future Investors in the state will have to wonder if the whims of the legislature have finally trumped property rights in the Buckeye State, with the state willing and able to alter ownership and control of property with the stroke of a pen.
Is Ohio any different from the troubled countries to our south? I am no longer certain that it isn't.
A Mother's Day Gift from the State
Mothers of Ohio, here you go. Ohio Treasurer Richard Cordray is using your tax dollars to provide you with the gift you desired all along. Though, for some reason, you couldn't recognize that desire -- a breakdown of Thymology I suppose.
Regardless, here it is. Enjoy. Cordray knew you would.
Thankfully, my mother lives in Florida and is unaware of Cordray trumping my measly gift. Well, at least I paid for mine.
Hey, wait a minute, I paid for both!
May 8, 2008Gift to Ohio Moms: Tools for Financial Security
Columbus, Ohio
As Ohio families recognize Mother's Day this weekend, Ohio Treasurer Richard Cordray is trying something new to encourage those moms in their quest for financial security.
The Treasurer's office will make available online its newly-revised Women & Money 2008 Workbook, from Saturday, May 10 through Saturday, May 17. The workbook contains information on a wide variety of personal finance topics and is used as part of the office's annual Women & Money free financial workshops held during the summer. The Workbook is usually distributed only at the workshops.
Continue reading (keep in mind that this gift from the state is only available for a short time)
Mom or government?
It's tornado season here in Ohio.
This afternoon as a few funnel clouds were forming miles from my house, I received a call from my mother living in Florida. Seems she was not about to wait for her son to make his yearly Mother's Day call as she had urgent news. CNN and other news outlets were reporting funnel clouds and tornados in central Ohio, with my county noted as a likely target. This was sometime before 2:00. I turned on the TV and hit the web for detailed updates. Luckily, the storms passed overhead without even a significant touchdown.
With the menace long gone, I received another phone call; an automated call from the county 911 department notifying me of the tornado warning. This was 2:25, with the warning to expire at 2:30. And, more importantly, with the storms no longer in the county or even a threat to adjoining counties.
Then I learned that Franklin County -- just to my south -- also had a delayed tornado warning because "Franklin County EMA deputy director Jim Leonard said the communications room is not manned during weekends and holidays, but there are two people on-call at all times."
Do I complain to management? No way. Those folks are looking for complaints as a means to justify additional funding. Do I keep my mother happy? You bet! Her warning was neither delayed nor costly.
Remember mom, and not just on Mother's Day.
What if Boxer Shrugged?
April 16, 2008 9:17 PM
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The Market: turning waste into a resource
April 6, 2008 10:08 PM
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A Real Pain in the Neck
April 4, 2008 9:41 PM
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LEED: the ticket to a greener career
April 2, 2008 10:40 PM
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Wealth and DC: Correlation and Causation
February 22, 2008 8:49 PM
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Money for Nothing
February 19, 2008 7:40 AM
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Cheering NPR
January 29, 2008 9:52 PM
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Is repealing the 20th century such a bad idea?
January 13, 2008 7:25 PM
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The Payday Interest Rate Controversy
January 8, 2008 8:33 PM
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Taxes and the Public Servants
January 7, 2008 8:34 PM
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Deflation and Rumination
December 25, 2007 8:18 PM
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Bastiat, Hazlitt, and the unseen v. the feds
December 20, 2007 9:48 PM
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The dollar: the true passenger bill of rights
December 15, 2007 11:20 PM
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Playing fair takes two
December 12, 2007 9:05 PM
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Secondhand Lighting
November 30, 2007 9:48 PM
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"The Cradle of Liberty"
November 27, 2007 9:09 PM
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The Public Goods of Tatum O'Neal
November 24, 2007 12:27 AM
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Mea Culpa
November 21, 2007 8:40 PM
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Embracing Creative Destruction
November 16, 2007 8:09 AM
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Is 30 years enough?
November 15, 2007 9:39 PM
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Freedoms and Foes
November 10, 2007 10:08 PM
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Boundaries, borders and broken eggs
November 9, 2007 10:25 PM
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For the Want of Bill Gates's Money
November 2, 2007 8:23 AM
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The cure for wildfires ... acronym soup
October 26, 2007 8:20 PM
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His crime: not being regulated
October 25, 2007 9:56 PM
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Word for the day: fungible
October 18, 2007 9:28 PM
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Legends and Prodigies
October 14, 2007 9:22 PM
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Titles of no real value
October 6, 2007 1:42 PM
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Honesty and the state
October 2, 2007 10:59 PM
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The Sons of Leviathan
October 2, 2007 8:39 AM
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Gee, maybe parents are right.
September 25, 2007 8:26 PM
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End of the cupcake, and Liberty
September 18, 2007 11:11 PM
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Hazlitt, Where art thou?
September 12, 2007 8:19 PM
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The new Arctic land rush: What's in it for me?
August 21, 2007 11:07 PM
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Forgotten at the Door
August 17, 2007 8:27 AM
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America's Siberia
August 15, 2007 9:54 PM
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Coase and the light pole
August 14, 2007 10:46 PM
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Economics or indoctrination
August 9, 2007 9:46 PM
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The Green Economics of Gore
July 19, 2007 8:51 PM
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Emasculated by the Political Class
July 17, 2007 7:25 AM
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Service and frustrations
July 15, 2007 8:48 PM
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Vices, values, and arbitrary standards
July 8, 2007 10:42 PM
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Culinary arts and communist leaders
July 4, 2007 10:07 PM
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Economic Lessons Everywhere
June 26, 2007 8:52 AM
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Consuming national security
June 17, 2007 10:36 PM
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Clinton talks return on investment
May 23, 2007 9:50 PM
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Violence and destruction are always the response
May 19, 2007 11:42 PM
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Skating with the Enemy
May 14, 2007 8:23 AM
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Pop fluff and the 12-cent meal
May 11, 2007 10:56 PM
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Reading and malinvestment
May 5, 2007 9:04 PM
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Madmen and rights
April 30, 2007 9:36 PM
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Philanthropy as seed money
April 25, 2007 9:50 PM
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A Free Market in Childbirth
April 23, 2007 7:54 AM
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Hysteria and hysterics
April 19, 2007 8:43 PM
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Painting that spot behind the toilet
April 17, 2007 10:10 PM
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Killing two birds with one stone
April 8, 2007 10:16 PM
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How do they do it? Don't they ever sleep?
April 1, 2007 9:26 PM
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Ma Kettle and Bugs Bunny in China
March 26, 2007 10:52 AM
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Who to Believe: Labor or the house spouse?
March 18, 2007 4:09 PM
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Government Laws Are Not Contracts
March 8, 2007 9:22 AM
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Security, public or private
March 7, 2007 6:06 PM
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Restoring dignity
March 5, 2007 10:30 PM
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A delicious monopoly
February 25, 2007 9:53 PM
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A new national ranking
February 11, 2007 8:22 PM
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Vaccinations by the state
February 8, 2007 11:45 PM
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Greenhouse gases, global warming, and the magnetic field
January 30, 2007 9:38 PM
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Does the Third World Need More Laptops?
January 25, 2007 6:13 AM
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The 30-year countdown clock is now running
January 20, 2007 9:08 PM
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The Keynes of Marx; the brother Groucho that is
January 7, 2007 7:01 PM
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A new tactic for the Think Globally, Act Locally crowd
December 27, 2006 10:34 PM
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Is High School Football a Public Good?
December 21, 2006 7:54 AM
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The sweatshirt, a wonderful gift
December 7, 2006 8:47 PM
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The Fairness of "Unequal" Exchange
November 21, 2006 5:57 AM
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Don't tread on me! Or, the War on Raw Milk.
November 12, 2006 8:54 PM
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What a difference a day makes
November 8, 2006 10:07 PM
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A great quote out of context
October 26, 2006 9:33 PM
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Strip Searching the Inmates
September 25, 2006 5:51 PM
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Knowledge, action, and the feds
September 17, 2006 9:41 PM
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Is All-Day Kindergarten An Economic Fix?
September 14, 2006 7:45 AM
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The wage gap the feds never try to solve
August 24, 2006 8:09 PM
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When workers become management
August 21, 2006 8:18 PM
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The Freedom to Reject the Best
August 8, 2006 5:24 AM
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The market strikes again
August 6, 2006 9:23 PM
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First they have to get a clue.
July 21, 2006 9:36 PM
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This time it's just has to work
July 7, 2006 9:32 PM
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Interventions are always losers
July 5, 2006 9:31 PM
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Ice Cream and Patents
June 24, 2006 2:49 PM
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Squatter's Rights
June 14, 2006 9:41 PM
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False Crisis and Immigration
June 10, 2006 9:53 PM
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A Philosophical Divide
June 5, 2006 7:48 PM
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Life Without Government Equals Chaos. Hardly!
June 1, 2006 10:35 PM
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The Rust Belt v. Taxes
May 17, 2006 6:13 PM
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A Fair Wage
May 12, 2006 5:10 PM
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Stockpiling Gas
May 9, 2006 8:47 AM
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