Monday, October 7, 2013

Credit card industry squeezes small business

10/07/13


I’m a serial retailer. For most of my adult life I’ve owned and operated gas stations, convenience and liquor stores, and now a small group of Burger King restaurants. It’s been a unique perch from which to watch the “plasticizing” of America and how credit card companies and the nation’s biggest banks are allowed to operate like a cartel and, as a result, drive up the price of goods and services.
When I opened my first store in 1994, cash was king and “charge cards,” as they then were called, were...

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