Humphrey School News on-the-go

Morris Kleiner weighs in on the outcomes of licensing regulations.

Notice Kirkpatrick said "licensed" barber. The implication is that the licensing signals to the customer that a certain level of quality can be assured by the government's stamp of approval. Yet according to Morris Kleiner, "Occupational licensing has either no impact or even a negative impact on the quality of services provided to customers by members of the regulated occupation. Additionally, as occupations become licensed, members of regulated occupations see their earnings go up."

Libertarian Standard
March 14, 2012

Read full article