Good regulation lets market players make more informed decisions by increasing transparency. Bad regulation puts up barriers-to-entry.
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Replying to @paulbaumgart
In the analog world of recent history, enough transparency wasn't always possible, so barriers were the only option. That's changing fast.
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Replying to @paulbaumgart
The pro-consumer barriers-to-entry of a couple decades ago are the innovation-strangling market distortions of today.
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Replying to @paulbaumgart
That's the main reason legislative gridlock is dangerous to a nation's prosperity. It makes it really hard for laws to keep up with tech.
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Replying to @paulbaumgart
Marijuana legalization points to one way forward: states undermining the ability of the Feds to enforce outdated laws, until capitulation.
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I'm no expert on the FDA, but people say it's often too heavy handed. Could some states start taking away its authority the same way?
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