The Salt Lake Tribune
Monday, March 31, 2008
Big Bro' Cannon
The Wall Street Journal is scratching its head over why free-market conservative Congressman Chris Cannon is trying to implement a "price-control regime." Over the rates (interchange fees) stores pay to credit card companies.

(Note: These are not the usury rates you, the consumer, pay to the credit card card companies. Chris would never try to control that.)

WSJ asks:
So why is Congress trying to fix a $2.5 trillion industry that isn't broken? Apparent answer: Because it's there.
The editorial is full of the wonky kind of numbers that Cannon loves to wallow in and that give me a headache. But you free-market righties might ought to read it, here, before Cannon comes up with a five-year plan for the economy.

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