this is a bit off-topic, but... ben makes a good point when he says regulations is about trade-offs, but the kind of knee-jerk "i hate regualations" sentiment i

this is a bit off-topic, but... ben makes a good point when he says regulations is about trade-offs, but the kind of knee-jerk "i hate regualations" sentiment in this article is a real turn off. case in point: > "A classic example of this phenomenon is restaurants: who could possibly be against food safety? Then you read about how San Francisco requires 14 permits that take 9 months to issue (plus a separate alcohol permit) and you wonder why anyone opens a restaurant at all (compounded by the fact that already-permitted restaurants have a vested interest in making the process more onerous over time). Multiply that burden by all of the restaurants that never get created and the cost is very large indeed." yes, regulatory capture sucks, but y'know, just kinda maybe, most of those restaurants that would have been created in a lax regluatory environment are exactly the ones you don't want? the kind that don't care about structural integrity or food safety or having a bathroom? he's focusing only on the costs, not the benefits, to justify his argument that regulations are bad. trade-offs have 2 sides: costs and benefits. the problem isn't the 14 permits (which represent the things we want) but the 9 months it takes the bureaucracy to issue them. that 9 months, representing pure negative cash flow, is the onerous bit. make regulatory agencies issue/deny permits within 2 business days (so maybe it takes a month to get all your permits in place) and we won't see this kind of misplaced hate for regulations.