Re:OpenAI Fires an Employee for Prediction Market Insider Tr...
by holmesworcester on Saturday February 28, 2026 @11:07AM
(#47196944)
That's not always true. Regulations increase the cost of transacting and make ranges of transactions non-viable, just like a tax.
So there is "dead weight loss", where transactions that would have been mutually beneficially and socially productive are eliminated by the regulation, and restored when somebody finds a loophole, restoring the individual and social benefit.
So there is "dead weight loss", where transactions that would have been mutually beneficially and socially productive are eliminated by the regulation, and restored when somebody finds a loophole, restoring the individual and social benefit.
The world is not zero sum!