This article was originally published in The Washington Times.
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.