Planet Money #381: When Business Loves Regulation

Shared Article from NPR.org

Episode 381: When Business Loves Regulation

One in three American jobs require a license. Today on the show, why those licensing rules hurt the U.S. economy.

Jacob Goldstein @ npr.org

The problem is not freed markets; the problem is what Molinari described as owned markets. Owned not because the owners bought them, or won them in competition; but rather through the proprietors’ exploitation of the political process of state regulation.