Carolina Journal Radio

Economic ‘bottleneckers’ block innovation, raise prices for consumers

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From Carolina Journal Radio Program No. 737: When people lobby government to create a new occupational license for their profession, they usually claim to be looking out for their customers’ best interests. In most cases, they actually hope to limit entry into their profession. That change protects existing businesses from competition. That’s the contention of a book titled Bottleneckers, co-authored by Dick Carpenter, director of strategic research at the Institute for Justice. Carpenter explains how bottleneckers can help limit innovation and increase prices for consumers.