C’mon. Despite the revelations of this past week, despite the polls showing his Democratic opponent ahead (remember those polls last November showing Hillary Clinton ahead of Donald Trump?), you might as well start calling him Senator Moore right now. It seemingly still has not dawned upon rational and logical Americans just how deep the rabbit […]
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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