was thinking earlier no one is actually anti-regulation maybe people just want regulations of outgroup institutions "but im libertarian" buddy what do you think the constitution is
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black letter and bureaucratic regulations tend to restrict the set of behaviors that private actors can pursue; sometimes this ends up improving production and allocation efficiency (via externality management), but it will also impose heavy deadweight loss when badly designed
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It's been my perspective that common law can be more punitive than regulations but I don't know how true this is.
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this is possibly just fine, especially if it's _predictably_ punitive
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When your entire world is based around making deals and giving orders, it makes sense that you want to know when you're gonna get fucked.
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exactly!
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