Credit Card Disclosures

Are mandated credit card disclosures concurrent with the libertarian philosophy? IE, hose fine print documents that accompany credit card applications. In one sense, I would say no, because it is compulsory from the government. On the other hand, don't people have the right to know the details what they are signing up for? Should not a voluntary contract disclose such details?

It should, in order that any transfer of property via contract is not fraudulent.

That's a real tough question. If the details aren't disclosed, the credit card company would have no right to enforce those details. For example, signing up for a credit card without an agreed-upon interest rate would mean there would mean neither party would have any moral standing either way as to what was owed.

 

If both parties agree to settle things in a court, and the court determines things by law, I would say that mandated credit card disclosures are a legitimate function of government.