Re:EU censorship machines and link tax laws are nearing the ...
by fauigerzigerk on Sunday May 27, 2018 @05:24AM
(#17166179)
No, I don't think what you're saying is true in general (even though it is certainly true in many individual cases).
Some regulations/laws increase efficiciency by reducing complexity or risk and therefore reduce cost as well.
Your logic is built on the assumption that without regulation there would be no need to agree on the things that we regulate.
But the alternative may in fact be endless piecemeal negotiation, duplication of work, great uncertainty, high hedging and legal costs and a lack of transparency that makes markets inefficient for long periods of time.
It's very difficult to get regulation right though. So I too think that erring on the side of less regulation is generally a good idea.
Some regulations/laws increase efficiciency by reducing complexity or risk and therefore reduce cost as well.
Your logic is built on the assumption that without regulation there would be no need to agree on the things that we regulate.
But the alternative may in fact be endless piecemeal negotiation, duplication of work, great uncertainty, high hedging and legal costs and a lack of transparency that makes markets inefficient for long periods of time.
It's very difficult to get regulation right though. So I too think that erring on the side of less regulation is generally a good idea.