Drives me as mad as anything, that companies tack on service charges and other means of bleeding you after hooking you in with a low price or rate. Economists are making their theories, and Christopher Shea reviews.
Bottom line, it helps the savvy consumer by soaking most idiots.
Offhand, I don’t think people are idiots about things economic, so much as they just don’t care. As long as they get what they want, the niceties of total cost are irrelevant, presuming the paycheck can be stretched to cover it.
Everyone note that Harvey is a noted economist of the Bad Money blog