Durbin's Antitrust Fantasies; Flawed Economics Behind Democrat's Price Control Plan
Newspaper article; The Washington Times (Washington, DC), June 18, 2010
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...percent of the value of a transaction (credit card interchange...excludes the fixed costs of banks servicing consumers, a cost currently defrayed...would be to shift those costs onto consumers, resulting...limits on debit card transactions and higher overdraft...part of this merchant cost reduction might get...good rhetoric but bad economics. Mr. Durbins argument...