DailySurge: The left can’t help but to find ways to attack free market capitalism and grow government. The latest harebrained idea from the left is to convert post offices into a local distributor of loans. Nobody on Capitol Hill should take this idea seriously.

Socialist Senator Bernie Sanders of Vermont (I-Vt.) and lefty populist Elizabeth Warred (D-MA) have pushed the idea as a way to push consumers of small dollar lending out in the cold and reliant on the Post Office. Here is how Bernie Sanders described the idea to Fusion on October 20, 2015, “I just spoke to a postal union this morning. I want to see our post office be reinvigorated. And one of the ways that I think we can help not only the U.S. Postal Service, but help a lot of low-income people—if you are a low-income person, it is, depending upon where you live, very difficult to find normal banking. Banks don’t want you. And what people are forced to do is go to payday lenders who charge outrageously high interest rates. You go to check-cashing places, which rip you off. And, yes, I think that the postal service, in fact, can play an important role in providing modest types of banking service to folks who need it.”

But he is wrong.

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