The Economics of Consumer Credit

Описание: Examine the economic rationale behind consumer credit through two key lenses: purchase acceleration and the life-cycle model. This analysis challenges common misconceptions about consumer borrowing, using historical examples from automotive financing to modern student loans to illustrate how credit enables asset utilization during payment. Professor Todd Zywicki explains why understanding these rational patterns of consumer behavior should inform regulatory approaches, rather than assuming consumer irrationality or implementing overly restrictive policies.

Todd J. Zywicki is George Mason University Foundation Professor of Law at George Mason University Antonin Scalia School of Law, Research Fellow of the Law & Economics Center, and former Executive Director of the Law and Economics Center.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Law & Economics Center - https://masonlec.org/
George Mason University Antonin Scalia Law School - https://www.law.gmu.edu/
Todd J. Zywicki - https://www.law.gmu.edu/directory/pro...