The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
June 23rd, 2012
Episode 488 of 960 episodes
A few years ago, Jestina Clayton started a hair braiding business in her home in Centerville, Utah. The business let her stay home with her kids, and in good months, she made enough to pay for groceries. She even put an ad on a local website. Then one day she got an email from a stranger who had seen the ad."It is illegal in the state of Utah to do any form of extensions without a valid cosmetology license," the e-mail read. "Please delete your ad, or you will be reported."To get a license, Jestina would have to spend more than a year in cosmetology school. Tuition would cost $16,000 dollars or more.On today's show: Why it's illegal to braid hair without a license in Utah. And why that rule — and hundreds of others like it in states all around the country — are a disaster for the U.S. economy.