The significant impact of Durbin’s price controls will not be to tame inflation but to restrict who can get access to credit cards. In other words, the poor will get hurt the most. Isn’t that turning out to be the case with nearly every liberal policy these days?
This is a “trojan horse” for a CBDC. As the article states, it is the low income and low credit score consumers who will suffer from Durbin’s proposal. Then, when the only way for them to survive is from govt. assistance thru a CBDC account, that is how it will be championed. http://The significant impact of Durbin’s price controls will not be to tame inflation but to restrict who can get access to credit cards. In other words, the poor will get hurt the most. Isn’t that turning out to be the case with nearly every liberal policy these days?