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Bank-Card Fee Cap Is Another Name for Price Control: Commentary

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“This claim [that the battle was on behalf of small retailers] was always suspect, to say the least. The merchants’ coalition petitioning Congress wasn’t all Mom-and-Pop stores; among its leaders were giants such as Wal-Mart Stores Inc. And anyone who thinks the folks from Bentonville, Arkansas, can be pushed around by anyone hasn’t been paying attention.”

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