Pro-market does not mean pro-business


Re-listening to one of my favorite episodes of Planet Money, "Why It's Illegal To Braid Hair Without A License" reminds me of the difference between pro-market and pro-business policies. Some key quotes:
"Today, one in every three jobs requires a license."
"You always hear this idea that business is opposed to regulation... Businesses are often in favor of regulation, in fact they love it... it helps make them more money!"

I encourage you to listen to the whole thing.