Good on 2012 and 2016 Green Party candidate Jill Stein for trying to confirm the outcome of the 2016 Presidential election. (Stein was interviewed about her effort by investigative journalist Brad Friedman on Thanksgiving Eve.) You can never be too sure, especially these days: An election recount will take place soon in Wisconsin, after former […]
The Secret Monopoly Making Everything More Expensive
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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