Restricting psychic competition

The following quote is about a municipal plan to license psychics. Of course the stated reason is to protect gullible consumers, but one should note it will work to restrict competition which is generally not good for consumers although it will be good for licensed psychics.

Starting this week, fortune tellers in Warren, Mich., must be fingerprinted and pay an annual fee of $150 — plus $10 for a police background check — to practice their craft. The new rules are among America’s strictest on palmists, fortune readers, and other psychics — and part of a growing push to regulate a business that has never been taken, or overseen, very seriously. But officials in Warren, a town of 138,000 near Detroit, say it’s time to weed out tricksters. “We had no mechanism of enforcement to protect people against unsavory characters,” Warren City Council member Keith Sadowski says. “We want to be sure there is some recourse in case we do get somebody who is not legitimate.”

Read more: http://www.time.com/time/nation/article/0,8599,2015676,00.html#ixzz0yUSCDV2v

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