Are interest rate caps on credit cards a lifeline for struggling Americans—or a ticking time bomb that could wreck the economy overnight? That’s the million-dollar question we tackle in this episode of The Brian Nichols Show. Politicians like Josh Hawley, AOC, and Bernie Sanders are pitching a 10% interest cap as the solution to crushing consumer debt—but is this really about helping the little guy, or just another Trojan horse for more government control?

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Brian sits down with Tyler Curtis to break down the real-world impact of these proposed credit card caps, and spoiler alert—it’s not all sunshine and savings. Tyler, a seasoned loan officer and contributor to the Mises Institute, explains how these feel-good proposals could actually gut access to credit for millions of working-class Americans. Think fewer credit cards, higher risk, and a fast track to payday lenders and government handouts.

We unpack why interest rates on unsecured debt like credit cards are higher than mortgages and car loans—and why that makes total sense if you understand risk. But it gets worse. The proposed caps could make credit cards virtually disappear for 80%+ of current cardholders, especially those who actually need them the most. That’s not financial freedom. That’s financial lockdown.

Brian and Tyler also explore the deeper issue: Americans are hurting. We get why this sounds good on paper. People are desperate for relief—but short-term political fixes often come with long-term pain. Instead of rate caps, we explore real solutions like tax relief, reducing spending, and empowering communities to help one another outside of Washington.

If you're tired of politicians playing economic games with your future, this episode is a must-watch. It’s not about defending big banks—it’s about defending your access to opportunity. Whether you're drowning in debt or just want to understand what’s really going on, this conversation will change the way you look at your wallet—and your vote.

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