In the US, more than 300,000 activities are considered federal crimes. Nobody can even count exactly how many there are. Seems like crimes should be limited to how many things average citizens can remember are crimes? Like 100?https://twitter.com/JohnStossel/status/1081229878375211008 …
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Why is it nonsense? Shouldn't citizens be able to know what's legal and what isn't? If not why not?
Why should government regulate 1000s of aspects of society?
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I don't # of elements is a good measure of complexity or over/underdone regulation. The short answer would be that hypothetically there are 1000s of types of interactions and activities that benefit from an enforcement mechanism preventing nash equilibria.
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That's not to say every regulation does or doesn't do that, just that we have no reason to think there would only be exactly 37 possible nash equilibria in a society of hundreds of millions of people, millions of companies, and hundreds of thousands of jurisdictions/markets
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Which provides more assurance that lodging is nice and safe to stay in? Gov't regulations of hotels, or dozens of user ratings of Airbnb places? I'll take Airbnb thanks.
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So, do you think we'd be better off if there were no healthcare, agriculture, or aviation regulations? Surely you can't be serious. Why should every citizen know all laws when they only apply to specific fields? Learn about those that affect you or hire someone to do it for you.
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