The Merchants Payments Coalition wants its member businesses to pay less to credit-card companies when they make sales. I’d like to pay less for services I buy, too. But the coalition is claiming that its efforts to get the government to cut its costs for it will help consumers. As Todd Zywicki shows in the Journal today, neither logic nor experience backs up this claim.
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About the Author
Ramesh Ponnuru is the editor of National Review, a columnist for the Washington Post, and a fellow at the American Enterprise Institute.
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