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SecondHandTofu | 1 month ago
I think most regulation is a concave quadratic function of regulations vs benefit. At zero regulation it can be very bad, but there also must be a point at which something is so smothered in regulation that doing anything is impossible. So there must be a maxima somewhere between the two points.
All I think is that the current state of drug regulation quite a long way to the right of that maxima, that doesn't mean I think we should remove it all to zero, or that some other things aren't to the left of it and need more regulation!
Probably most disagreements over this sort of thing are just people who disagree about which side of the maxima we're on.
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