Demonizing greedy bankers and landlords is the last refuge of the poorly polling politician.

And, as affordability remains a leading issue among voters, President Trump has regularly used rhetoric and ideas that mirror those of progressive Democrats like Zohran Mamdani.

Take the president’s recent idea for capping credit card interest rates at 10%.

Or rather, the idea that’s already proposed in a bill sponsored by Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.).

“They’ve really abused the public,” the president said of credit card companies.

“I’m not going to let it happen.”

This probably feels good to hear.

But if you find an APR on a new credit card offer “predatory,” definitely do not sign up for it.

You don’t owe the bank anything, and it doesn’t owe you.

An interest rate, though, reflects risk. It’s the entry price for obtaining credit.

If you have a good credit score, you get lower rates; a bad one, higher rates.

Capping the rate won’t eliminate credit risk factors, though........

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