One of the favorite arguments for licensing laws and other types of quality standards is that governments must “protect” consumers by insuring that workers and businesses sell goods and services of the highest quality.

The answer, of course, is that “quality” is a highly elastic and relative term and is decided by the consumers in their free actions in the marketplace.

The consumers decide according to their own tastes and interests, and particularly according to the price they wish to pay for the service.



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