Regulations aren’t some magic want that don’t come with side effects, though. IMO, they tend to not address the root problems and only add layers of abstractio

Regulations aren’t some magic want that don’t come with side effects, though. IMO, they tend to not address the root problems and only add layers of abstraction. One of the best examples of this is how Sweden irrevocably killed their financial markets by trying to just squeeze out a bit more tax revenue and limit speculation. The cost of that mistake has to be in the billions and IMO, we’ll see the end of Sweden as a nation before we see it “recover” its markets.