So, what do you think of the Federal Reserve’s regulation of bank “interchange” fees, mandated by the financial reform law? Let us guess: Not much. Indeed, we’ll bet that nine of ten news junkies barely have a clue about what’s happened – other than the …
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By Robert Hahn, Peter Passell | Tags: banks, credit cards, debit cards, Federal Reserve, interchange fees, retailers | Category: Financial Regulation Reform |
 Leave a commentWhen the banking industry talks, the U.S. Senate listens. And in the past the bankers have had little difficulty in brushing aside efforts by retailers to regulate fees on charge card transactions. But not this time around: If the House concurs, “interchange” fees on debit card transactions – at least … |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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