Originally Posted by
jags86
I’m not an EU resident but my guess is you haven’t seen any prices drop since the capping of interchange fees. This benefits the retailers who no longer are paying 1%, 2%, 3% fees vs 0.3% fees today.
The level of economic ignorance in this statement is both shocking and not unexpected given the dire state of economic / business education in general.
For a start you are assuming prices have any relevance to cost, which is tenuous. I then invite you to imagine a world in which a store changed its prices every time a single input cost changed, and what a ludicrous world that would be.