Free Markets, Free People
The following statistics were released today on the state of the US economy:
In wholesale trade, inventories rose 0.3% in March, and sales rose 0.5%, resulting in an unchanged stock-to-sales ratio of 1.17.
MBA reports mortgage applications rose 1.7%, with the purchase index up 3.4%, and refinancing index up 1.3%.
I’m talking about licensing. The arguments are usually centered around licensing (i.e. government okaying you to do a job because you’ve met certain arbitrary requirements and paid some arbitrary fees) being required to ensure the safety of the consumer. But as you’ll see in this video, that’s simply not the case in the vast majority of the occupations now licensed in various states.
In fact, licensing seems to be more about fees for government and barriers to competition imposed by government (good old crony capitalism).
You have to ask yourself, as pointed out in the video, if forty something other states are seeing people safely shampooed in their states, why is such a license and cost necessary in the states licensing that?
Of course, that’s common sense, and we’ll have none of that when we discuss government.