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Or, they've lived on enough to see the impact of regulation go wrong.


Like good design, good regulation becomes invisible. Actual wisdom is recognizing and counteracting that bias.


All regulation has a cost. And if based on the track record of the US government, it tends to be high and even potentially introduce weird incentives that solve one problem but create two more.


Lack of regulation has costs too. I’m open to your argument if you can demonstrate somehow what “tends” to be true. I suspect you can’t, and neither can I, which is why we should assess regulations on a case by case basis of their own merits instead of totally unsupportable “regulation good” or “regulation bad” maxims.




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