digital payments, payment systems, FinTech, financial innovation, Supreme Court

Yesterday, the Supreme Court ruled that credit card provider American Express' long-standing policy of including anti-"steering" clauses in its contracts with merchants was not anti-competitive. Steering is the practice whereby merchants discourage customers from paying with comparably high-cost cards like Amex and to use Visa or Mastercard…

Constitutional Money, Gold standard, McCulloch v. Maryland, Richard Timberlake, Supreme Court

(In honor of Constitution Day, September 17th — which┬áis observed today — we are reprising this post from April 26th, 2013, on CMFA Academic Advisor┬áRichard Timberlake's book Constitutional Money.) That's what Dick Timberlake originally planned to call the fantastic book that Cambridge University Press has recently published…