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There's definitely some competition on credit card rates, since AmEx is often not accepted. Is passing on the fee actually prohibited, or does it just annoy customers?

I'll accept debt-peddling isn't great.

The M&A debate really calls for numbers, but I find it very plausible that in their absense, company decisions are strongly biased toward growing and not shrinking, which would justify the frequent layoffs from M&A.

I don't think the Fed loses money on its loans... banks can borrow at those rates because they can repay. In any case, it shouldn't be too hard to upper-bound the implicit subsidy from said loans.

Credit Card company have clauses in their contracts that prevent passing on the charges to the customer. I think those clauses are parasitic.

The idea that a costumer has to pay less money for a product when he uses a cash-back credit card than when he pays in cash has no good basis.

As far as M&A goes, should a company that employees 10,000 people and makes 1
million in profit layoff 9,000 people when it will raise their profits to 10
million. The stock market would say that it should.

When it forces a company to engage in that shift it however still destroys a
lot of value. It creates unemployement thats not good for society as a whole.
Over the last decades the rich got a lot richer but the middle class didn't.

That might have something todo with a system that prevents companies from
paying high wages and making lower profits.
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