If price controls [on credit card fees] are enacted in the U.S., consumers here too will likely "bear the brunt of this policy," says a paper by Wayne Brough, chief economist of Washington-based FreedomWorks. This is because, here as in Australia, consumers "are a diffuse and dispersed group" who have a hard time competing with "organized special interests seeking to use the political process to achieve gains unavailable in the marketplace," Mr. Brough writes.

This is from a recent article by John Berlau. Read the full piece here.