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Cato Podcast

Market Anarchy in Utah (You Know, for Kids!)

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 8 September 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

Utah has removed many of the pointless licensing requirements for businesses operated by minors. Connor Boyack of the Libertas Institute discusses the importance of giving kids a taste of truly free enterprise.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Friday, September 8th, 2017.

0:08.0

I'm Caleb Brown.

0:09.0

Utah has taken an unusual step to keep kid-owned businesses from being ensnared in government

0:15.2

requirements for licenses and other regulation.

0:18.6

The state's solution?

0:19.6

Almost no regulation at all.

0:21.4

Connor Boyak is the founder of the Libertas Institute in Utah.

0:24.6

We spoke at the State Policy Network annual meeting last week.

0:28.6

We all see these examples of young people, we're talking very young people, people in the single digits if you will, who are, they got a business,

0:39.2

typically a poorly assembled lemonade stand or maybe they're mowing lawns, maybe they're doing something

0:45.8

like that, and the police will shut them down over what amounts to a permit.

0:54.0

Yeah, that's precisely it.

0:55.0

And oftentimes an expensive permit.

0:57.0

These little five-year-olds are being told they have to go pay 150 bucks or 400 bucks in one case.

1:02.0

You know, certainly they're not going to make enough profit from their... or 400 bucks in one case.

1:02.5

You know, certainly they're not going to make enough profit from their business to do that.

1:06.5

In some cases these objections are health-based.

1:08.8

They'll say, well, you need a health inspection.

1:10.3

We need to make sure that your lemonade is not, you whatever, but in many cases it's just a standard business permit.

1:17.0

They just are supposed to go to the city, fill out a farm, and pay them money for the blessing and privilege of working.

1:22.0

The nice thing about these stories is that they resonate with them. for the blessing and privilege of working.

1:22.8

The nice thing about these stories is that they resonate with people.

...

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