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Thanks to Richard Durbin, Everything Old Becoming New Again

Durbin amendment poised to set commerce for many consumers back 60 years.

By David Morrison | Updated on September 30, 2011

According to different cultural analysts, nostalgia has become a prominent taste trend in the first years of our new century. Music from the 1960s now sells everything from drugs to airline tickets. Clothes from the 1970s adorn hipsters, a subculture now considered among the coolest and whose very name is a throwback to the 1950s.

Now, thanks to Sen. Richard Durbin (D-Ill.) and the law of unintended consequences, consumers are also about to revisit the past, returning to a time when they had to make sure they visited a bank branch before they went shopping or to a restaurant or really to do anything that they didn’t want to put on a credit card. 

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