> the subject was "unsolved problems in economics", not "unsolved problems in politics". Regulation is a political topic, not an economic one. If you don’t car

> the subject was "unsolved problems in economics", not "unsolved problems in politics". Regulation is a political topic, not an economic one. If you don’t care about getting it right, fine. Ask politicians to do whatever they want on the basis of whatever biases they have. If you want to get it right, then you need to weigh the costs and benefits of different regulatory policies. That requires theory and data.