Higher prices are making this holiday season more difficult for families across the country. Most of the responsibility for reining in inflation sits with the Federal Reserve and Congress, but licensing reform is one way that individual states can help.
We’re feeling the bite of inflation with every purchase at the grocery store and the gas pump. Overall, prices are up 7.7% from a year ago, and food and energy prices are up over 10%. Sure, this dampens our spirit as the holidays are in full swing, but we’ve been feeling the pain when buying the necessities all year. And sadly, it doesn’t show signs of stopping.
Eliminating unnecessary and expensive state licensing barriers can bring down the prices of key services for consumers.
Continue reading at The Washington Times.
Edward Timmons, PhD, is a senior fellow at the Archbridge Institute and a service associate professor of economics and director of the Knee Regulatory Research Center at the John Chambers School of Business and Economics at West Virginia University. He is regularly asked to provide expert testimony in state legislatures across the US on occupational licensing reform and the practice authority of nurse practitioners. His work is heavily cited by the popular press, and he has authored numerous articles for media publications.
Conor Norris is the assistant director of the Knee Regulatory Research Center at West Virginia University. Follow his work @ConorNorrisKRCC.
Economics of Flourishing
Higher prices are making this holiday season more difficult for families across the country. Most of the responsibility for reining in inflation sits with the Federal Reserve and Congress, but licensing reform is one way that individual states can help.
We’re feeling the bite of inflation with every purchase at the grocery store and the gas pump. Overall, prices are up 7.7% from a year ago, and food and energy prices are up over 10%. Sure, this dampens our spirit as the holidays are in full swing, but we’ve been feeling the pain when buying the necessities all year. And sadly, it doesn’t show signs of stopping.
Eliminating unnecessary and expensive state licensing barriers can bring down the prices of key services for consumers.
Continue reading at The Washington Times.
Edward Timmons
Edward Timmons, PhD, is a senior fellow at the Archbridge Institute and a service associate professor of economics and director of the Knee Regulatory Research Center at the John Chambers School of Business and Economics at West Virginia University. He is regularly asked to provide expert testimony in state legislatures across the US on occupational licensing reform and the practice authority of nurse practitioners. His work is heavily cited by the popular press, and he has authored numerous articles for media publications.
Conor Norris
Conor Norris is the assistant director of the Knee Regulatory Research Center at West Virginia University. Follow his work @ConorNorrisKRCC.
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