(repost from May 13, 2006)
Just a few years ago, a 50 inch high-definition plasma TV cost more than $12,000. Today's versions are much better, yet costs under $2,000. This universal technology model should parallel merchant interchange fees too.
Seemingly, it works everywhere, but where the banks control an (alledged) illegal price-fixing cartel.
Remember, it was technology which brought down the actual cost for electronic payments to a fraction of the rates charged when manual charge card imprinters with multi-layer carbon copies were required.
See "Moore's Law" posting.
[source: WayTooHigh.com]
