This is a CBSI on the world. I'm John Bachelor speaking with Professor Richard Epstein,

a senior fellow of the Hoover Institution writing it defining ideas about what we know so far of the

antitrust case brought by the Department of Justice, the antitrust division

Mr. Cantor, against Apple for various violations so as defined by the Department of Justice. One particular

part of the complaint Richard has identified as the apple wallet which which charges a 15

cent fee each time one point one five, which each transaction that a customer uses with any credit card found in the Apple

wallet.

I don't use the Apple wallet so I'm unfamiliar with this. However again there are a lot of

apps on the they're available through apple that I don't use I just don't care

about them and so this looks like just another one. Why is this a antitrust violation?

I'm not sure. I mean the only thing I could say about this one is I fully don't quite

understand what's going on, but some respectable people who

I know say, you know, it's a hidden charge for the most part. Most people don't know

that they make it, and it turns out that it's extremely difficult that these things are in the Apple wallet to disassociate their use when you try to make the same use of a credit card somewhere else.

So all I said is, whenever you have these transmission systems, one party to another, there's always

a risk that there's going to be some blockade in that particular transmission.

So this is a much, much narrower charge than anything that has to do with the general complaint.

And I'm prepared to listen to both sides talk about it.

But you understand what they're trying to do in this case is not to figure out how to stop this. What they're trying to do is to break up the entire company and change its established ways of doing business.

And so a more focused complaint may or may may not make sense. My guess is in the end Apple will probably find some

efficiency justification that would allow it to prevail against these particular

charges. So I'm agnostic. Figuring out how these various systems of transportation and communications work,

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