Today in "Cryptocurrency enthusiasts reinvent the modern economy, poorly" we have the DAO, which is a science fiction mutual fund.
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If one models all regulation as pure deadweight costs, that is a sensible idea, but some regulation is actually pretty useful. You want it.
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For example, take mutual funds. A mutual fund is a special class of corporation which invests in other corporations. They're regulated.
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nor intents right? There are regulations that have to do with knowledge states & the epistemology of others too
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