The Archives

Everything written by Timothy J. Muris on law, economics, and more

Tim Muris on Fred McChesney

Timothy Muris is a George Mason University Foundation Professor of Law at the Scalia Law School at George Mason University and Senior Counsel at Sidley Austin LLP. From 2000-2004 he was Chairman of the Federal Trade Commission. I knew Fred for over 40 years, and came to have a deep love and affection for his ... Tim Muris on Fred McChesney

Tim Muris on Joshua Wright

As the premier Antitrust scholar of his generation, Josh Wright’s appointment to the Federal Trade Commission promised to be noteworthy. He did not disappoint, having one of the most important and memorable tenures of any non-Chair over the 40 years that I have followed the agency closely. In numerous speeches, dissents, and a variety of other statements ... Tim Muris on Joshua Wright

Debunking the ‘Cross-Subsidy’ Theory

In our earlier post, we observed that the GAO report on interchange got off on the wrong foot when it concluded that interchange fees were rising.  We infer from the silence which greeted our post that everyone agrees with this criticism.  Indeed, yesterday’s posts and comments appear to agree that the GAO’s report does very ... Debunking the ‘Cross-Subsidy’ Theory

Interchange Fees Are Not Rising: Correcting the GAO Report

Next summer, the World Cup, the world’s most watched sporting event, marks its quadrennial return.  Although thirty-two teams will compete in South Africa, the list of favorites begins with the two teams that have won half of the previous eighteen tournaments and three of the last four—Brazil and Italy.  Brazil plays an open and flowing ... Interchange Fees Are Not Rising: Correcting the GAO Report