Do you really think they have any idea what they’re in for? Senator Bernie Sanders (I-VT) and the handful of Democratic Senators supporting Sanders’s Medicare for All initiative certainly deserve credit for getting behind such a bold effort–but they are profoundly naive if they think a bill establishing such a policy will make it through […]
A two-decade fight with monopoly power in the payment system has arrived at a moment of truth, boiling down to one simple question: Will the courts bless price-fixing? Let’s hope not. Last week, Demand Progress, American Economic Liberties Project, Consumer Reports, and Small Business Majority asked a federal court to reject a proposed antitrust settlement that would bless the Visa-Mastercard duopoly in credit-card payment services. The case, officially known as In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, grew out of a grievance merchants and consumers have nursed for decades that has curdled into something worse over…
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