So, what will you do if the worst happens? I still remember seeing the horrified looks in the eyes of John Kerry’s supporters outside of Boston’s Faneuil Hall on the afternoon of November 3, 2004, after it was announced that Kerry would concede defeat to President George W. Bush, thus condemning this country to four […]
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…
Keep reading
Something went wrong. Please refresh the page and/or try again.
