Why the Economics of Vanity Matter
Mistakenly we believe that price indicates quality however, as we learn in this episode, unnecessary licensing and government over-regulation can create artificially high pricing with no bearing on quality in the beauty business. Veronique de Rugy joins Heather Wagenhals to discuss the failings of government-mandated licensing for certain professions.
Veronique de Rugy is a Senior Research Fellow at the Mercatus Center at George Mason University and a nationally syndicated columnist. Her primary research interests include the US economy, the federal budget, homeland security, taxation, tax competition, and financial privacy. Her popular weekly charts, published by the Mercatus Center, address economic issues ranging from lessons on creating sustainable economic growth to the implications of government tax and fiscal policies. She has testified numerous times in front of Congress on the effects of fiscal stimulus, debt and deficits, and regulation on the economy.
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