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A comment on Citi to Refund $330M to Credit Card Customers It Overcharged. Parent comment

Re:Citi to Refund $330M to Credit Card Customers It Overcharged by ajmurmann on Friday February 23, 2018 @03:43PM (#16449422)
Occupational licencing has grown into one of my pet peeves. I at this point cannot come up with a single example that would've get regulated by the market itself. For example nobody would go to a "surgeon" who never received actual training, no hospital would employ them and no insurance cover them. At this point I believe it's mainly a vehicle for incumbents to keep competitors out.

Great discussion as always on econtalk: http://www.econtalk.org/archives/2018/01/dick_carpenter.html

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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by optimuspaul on Friday February 23, 2018 @04:49PM (#16449923)
That is incredibly naive. How would someone know with any certainty that the "surgeon" had any actual training if not for the regulation of the industry. Would there even be insurance? Your argument is based on a system that has benefited greatly from regulation. Without the regulation the system would fall apart.
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Re:Citi to Refund $330M to Credit Card Customers It Overcharged by ajmurmann on Friday February 23, 2018 @06:25PM (#16450519)
Turns out the doctor has a university degree. Also turns out that you already can practice as a surgeon if you have any medical license. Your kids pediatrician is allowed to perform heart surgery. Yet none of that happens.
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