SOUTH BEND, Ind. (MMD Newswire) June 24, 2009 -- Pawnonomics: A Tale of the Historical, Cultural and Economic Significance of the Pawnbroking Industry by nationally-recognized pawnbroker Steve Krupnik is intended to entertain and educate readers on both the historical and current value of pawn shops to global consumer credit. "Quite frankly, the book is totally unique," says Krupnik. "There has been considerable media coverage of the industry in light of the current global credit crisis, but nothing in the form of a book."
Krupnik hopes readers will learn from pawnbroking's rich 5,000-year-old history, which was often threatened by royalty and religious leaders. "History repeats itself with a current threat. The U.S. Congress is reviewing a bill to place a federal cap on APR rates for all short-term consumer credit transactions," says Krupnik. "Such action by Congress would drastically alter or even eliminate this important source of emergency funds for millions of credit-hungry customers."
Pawnonomics, through Krupnik's inside view of the pawnbroking profession, also aims to separate its facts and myths, explain the mechanics of a pawn loan in easy-to-understand terms, and compare pawnbroking to fringe and mainstream sources of consumer credit.
For more information or to request a free review copy, members of the press can contact the author at mail@pawnonomics.com. Pawnonomics is available for sale online at Amazon.com, BookSurge.com and through additional wholesale and retail channels worldwide.
About the Author
Steve Krupnik, a pawnbroker for more than 30 years, founded the Indiana Pawnbrokers Association. A former board member of the National Pawnbrokers Association, Krupnik was named by the association Pawnbroker of the Year in 1999. He resides with his family in South Bend, where he is a business coach and consultant for the pawnbroking industry.
MEDIA CONTACT:
Steve Krupnik
Phone: (574) 259-0772
E-mail: mail@pawnonomics.com
Web: http://pawnonomics.com
REVIEW COPIES AND INTERVIEWS AVAILABLE
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