Notable Quote – Patrick McLaughlin, Matt Mitchell, Anne Philpot

by Skip

Occupational licensing is ostensibly intended to protect the public from unsafe and low-quality service, but there is little evidence this intention is realized. Rather, there is a growing consensus among economists that these rules serve to protect incumbent providers from competition by creating barriers for new entrants that lead to higher prices for consumers.

– Patrick McLaughlin, Matt Mitchell, Anne Philpot

In other words, rent-seeking by using the force of Government against others.

(H/T: Cafe Hayek)

Leave a Comment

  • William Granfield

    I rather enjoy my doctor and lawyers to be educated and credentialed.

    • granitegrok

      But does a “hair braider” have to undergo 1500 hours at cosmetology school in order to get “credentialed” – and the school has no class on hair braiding? There are other examples of this where it makes no sense other than to act as a barrier to entry by possible competitors by chewing up time and money.

      Besides, I know lawyers that got their degree, passed the bar, and I’d NEVER ever hire them. Back at DEC, I knew programmers that could code circles around me – and they never graduated from high school and I have a degree in it. “Educated” and credentialed does not always warranty results.

      • William Granfield

        Can’t argue with that

        • granitegrok

          ;^)

  • Tom Ford

    Doctors? “Credentialed” usually means they are afraid to deviate from the AMA-approved and big-pharma approved dogma, lest they risk that credential. That’s not always the same as good medical practice – such as, “First, do no harm.” How many of your prescriptions does your doctor get a bonus on? Is that “good medicine?”

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