When most people think of occupations requiring fingerprints and
police reports, corner bookshop owners don't spring to mind. Try telling
that to Los Angeles, where many used booksellers are required by law to
get a police permit and take a thumbprint from every 40-something
trying to offload his collection of French poetry.
That's one scene from a study to be released this week by the
Institute for Justice, which has collected dozens of examples of
regulations choking economic growth by taxing and over-licensing small
businesses. In a survey of eight major cities, the study found that
entrepreneurs routinely face obstacles of bureaucracy and red tape that
deter them from otherwise promising opportunities.
See Moreonline.wsj.com
The Wall Street Journal reports in an editorial on a new study by the Institute for Justice documenting how city regulations harm small business.
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