1. How to create a more effecti
The states have important regulatory functions, laying down many rules that business and trade unions must observe and obey. ... Let credit card transactions be governed by the laws of the customers' various home states, for example: the banks will have to comply with fifty regulatory governments that protect some consumers and in the process freeze many others out of the credit markets. ... Let the same transactions,now be goverened by the card issuers' home state; states then will compete for the bank's business, and the banks will migrate to states that provide favorable ...
- Word Count: 1135
- Approx Pages: 5
- Grade Level: Undergraduate