| Monopoly Creation |
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| Written by Webmaster | |||||||||||||||||||||||||||||||||||||||
| Wednesday, 11 June 2008 | |||||||||||||||||||||||||||||||||||||||
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Regulatory barriers to practicing particular professions are continuously being erected by government bodies to the detriment of our economy. The Institute for Justice has fought against arbitrary hair braiding licensing in Arizona, California, D.C., Minnesota, Mississippi, Ohio, and Washington. They have fought licensing of casket makers in Tennessee, Missouri, and Oklahoma. The have fought against taxi and limousine licensing in Denver, New York City, and Las Vegas. Other battles they have fought were against monopoly control of floral arranging, trash hauling, interior design, sign hanging, and weed control. Throughout the past century, state and local governments have been working hard at creating and maintaining corporate monopolies. In 1933 Franklin D. Roosevelt implemented the National Industrial Recovery Act (NIRA). This act legalized cartels and set minimum prices for many products. Governmental bodies continually decrease consumer freedom by enacting protective tariffs, licensing laws, prices fixing schemes, franchise granting, and outright subsidies.
The New Jersey Legislature continues to increase the number of professions that must be licensed by the state. This table shows several bills that have been introduced in the current session.
The Good newsThe NJ Legislature does have some bills that ease licensing restrictions. However they may never come up for a vote mainly because they don't have paid lobbyists pushing for reform. In fact, established licensed business may work against these bills.
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