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We have entered a parallel universe when Tucker Carlson, amplifying the concerns of right-wing activist Charlie Kirk, is calling for more financial regulation, here of a relatively new form of extraction called buy now, pay later loans.

Due to buy now, pay later loans not being regulated because they do not charge interest (more on that soon) and they are offered either by specialists that are private like Klarna, or as a minor activity of big public companies like Amazon and PayPal, information about the product is spotty. Nevertheless, this is a nasty product that is designed to take advantage of subprime borrower who are already running up against credit limits. To see the likes of The Economist run a story titled Buy now, pay later is taking over the world. Good shortly after the Kirk interview raising alarms about the scale and damage done by buy now pay

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