Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of.
No, it is making loans with “disclosed” terms the borrower cannot understand (being hidden in legalese) designed to force default and a profitable foreclosure.
It’s like predatory parking regulations and speed enforcement...DESIGNED to cause violation.
Correct. "Predation" implies unethical or even borderline illegal behavior. Sowell is writing as if there is no such thing. There always has been.