Licenses as Warranty Because of the Failure of the Academy.

We have Series 7 license for investment.

We have the MD for medicine.

We have the RN for medicine

We have the Bar for law.

We have the CPA for accounting

Why not an equivalent for lending?

Why not an equivalent for handling money in any capacity (all employees)?

Why not the same for speech-for-fee? (journalism)

After all, the academy makes no warranty.  We require these licenses precisely BECAUSE the academy makes no warranty.

The Libertarian solution is private insurance. But losing your ticket is insurance enough. Insurance creates perverse incentives also.