This is clearly true, even if those actual limits are, I would submit, a lot further way than Professor Daly thinks they are.

FORBES: Biofuels: Policy Based Evidence Making

Issuers do not report these actual credit limits to the credit bureaus because they want to maintain the illusion that their cards provide unlimited spending, even though they make it clear on disclosures that NPSL does not mean unlimited spending.

FORBES: The Pitfalls of No Pre-Set Spending Limit Credit Cards

The proposal limits Y2K failure damages to actual business losses for companies that meet reasonable criteria.

FORBES: Fact and Comment

Actual cost depends on age and income limits.

CNN: The Devil Is Always In The Details

Though, like any myth, all three contain some truth, none is much help for parents in gauging actual risks to children or in putting the limits of their own responsibilities into any useful perspective.

ECONOMIST: The silence of the lambs

And although raising borrowing limits might be useful to those customers, arguably it is not as useful for the economy as providing actual loans to companies wishing to expand, or diversify.

BBC: How banks can fudge small-business lending data