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Quote from Milton Friedman,

[Trade licensing] almost inevitably becomes a tool in the hands of a special producer group to maintain a monopoly position at the expense of the rest of the public. There is no way to avoid this result.



By:

Milton Friedman (more quotes by Milton Friedman or books by/about Milton Friedman)


(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Categories:

Licensing, Monopoly, Regulation

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