5 ms·
I think most regs were driven by events or behaviors at the time of their creation. To revert them I'd hope there'd be a compelling case as to why the catalyst
by jklehm 7y ago
I think most regs were driven by events or behaviors at the time of their creation.
To revert them I'd hope there'd be a compelling case as to why the catalyst that brought the regs into existence no longer applies or will not reappear in the future.
I'm not sure that it's an easy process.
- eloff 7y agoEasy, no. Necessary, yes. Imagine a world where regulations only grow on the whole. How far out do you have to extrapolate that system for it to implode under its own weight? That can happen to nation states too...
- tatersolid 7y ago> Imagine a world where regulations only grow on the whole. This is the world in which we currently live.
- tathougies 7y agoRight and it leads to several negative externalities, such as high income inequality: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2869155 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2869155
- jklehm 7y agoIs the idea that they are never refactored? I don't know that that's true, we see changes to the regs somewhat often: simplifications, clarifications typically?