Comment by eru

3 months ago

> !00% agree. 'we need less regulation' is never the right answer, 'we need the right regulations' is.

Well, much of the time the right regulation is 'let existing general laws (eg around safety and fraud) and contract law and private agreements handle it'.

But it's pretty fair to sum that Right Regulation up as 'less regulation'.

To give a crazy example: the Right Regulation about the colour of your underwear is to just let you decide what you want to wear, also known as no regulation of the colour of your underwear.

See https://www.econlib.org/library/Enc/AirlineDeregulation.html for less silly example of airline regulation.

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eru

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johnnyanmac  3 months ago

>and private agreements handle it

We've had an example all year of why that's a pretty horrible idea. At least, why it's bad for the general public to let private aggreements run rampant.