Sunday, November 14, 2010

Occupational Licensing and the Economic Damage It Has Done

The Institute for Justice, a libertarian public interest law firm, has produced a short YouTube video about the explosion in occupational licensing requirements since the 1950's when only 1 in 20 people needed government permission to make a living. Now it's 1 in 3. It isn't all just the government driving this though, it's industries using government to erect barriers to entry for potential competiors, i.e., rent-seeking behavior.  Anyway, here you go; five minutes well spent:

(Via Instapundit and Reason's Hit & Run)
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