Regulation can harm at least as much as it can help. Consider that regulation is based on ideas that people think might help a situation, then add in some partisanship. When coming up with ideas, how likely is it that an idea is not going to be a good one vs it will do some good?

Perhaps it would be better if there was some way to incrementally evaluate regulations. Perhaps if they had a defined lifetime to force re-evaluation in light of actual experience. This would prevent at least one negative aspect of regulation - locking into practices that were thought to be safe and maybe were, but are no longer the best/safest way to do things.

My guess is about 99.9% of ideas are bad.

More to the point, many regulations expire or must be periodically re-evaluated by law.