Who Paid for Your Free Flight?
00:00 — Introduction 00:52 — The Invisible Tax 00:56 — Why America Is Different 01:07 — Wrap Up Sources: - Federal Reserve Bank of Boston - Who Gains and Who Loses from Credit Card Payments? (Working Paper No. 10-03): https://www.bostonfed.org/-/media/Documents/Workingpapers/PDF/ppdp1003.pdf - NBER - Who Pays for Payments? (Working Paper No. 35067): https://www.nber.org/papers/w35067 - Federal Reserve Board - Who Pays for Your Rewards? Redistribution in the Credit Card Market (FEDS 2023-007): https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf - Wikipedia - Interchange Fee…
The skinny
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