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

Previous post:

Next post: