AND WHY DO THEY DRESS SO SHABBILY? MUST BE A MORAL FAILING OF SOME KIND. Perfesser Reynolds don't rightly know why poor folks accept bad terms on loans:

But many of the deals offered by a lot of these loan outfits are so bad that it's hard to believe anyone agrees to them understanding what's going on. The interest rates are so absurdly high that merely spelling out the deal would seem to be evidence that the borrower probably didn't realize what was involved.

Quite right. The Perfesser lets lenders compete for his business, and takes the best terms. Why don't the poor do that? They must be very shiftless, indeed.

Next week: the Perfesser suggests that the poor fire their brokers.