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> Licensure requirements are voters delegating due diligence to a trusted body because they acknowledge their own ignorance. Certification also amounts to dele
by jmckib 11y ago
> Licensure requirements are voters delegating due diligence to a trusted body because they acknowledge their own ignorance.
Certification also amounts to delegating due diligence. Licensure goes a step beyond that by actually forbidding voluntary exchange in certain cases. You are not just delegating due diligence, you are delegating your freedom to make your own choices.
> or to figure out if a "certification" actually means anything or is some bullshit anyone can hand out.
You still have to do legwork to figure out if a license is just bullshit. Because licensure is almost always controlled by members of the given occupation, there is a tendency for more and more bullshit to creep into licensure requirements over time, stuff that has nothing to do with actual competence, because it creates a barrier of entry into the occupation. Friedman has countless examples in his book.