3 ms·

I wish people would stop regurgitating this obvious lie. You can’t walk 3 feet without bumping in to something that is better for you because of regulation. M

by mulmen 2y ago

I wish people would stop regurgitating this obvious lie. You can’t walk 3 feet without bumping in to something that is better for you because of regulation. My motorcycle has a rev limiter for a reason. If you let the motor run wide open it will fail catastrophically. Economies are no different. If you think regulation doesn’t work then you’re simply ignorant of how even basic parts of your daily life work.

WillPostForFood 2y ago
My motorcycle has a rev limiter for a reason. If you let the motor run wide open it will fail catastrophically. Economies are no different. It is an interesting metaphor to draw because you didn't need regulation to get a rev limiter.
- mulmen 2y ago
  Yes it is a metaphor not an example. In the case of my motorcycle the authority is Honda and myself. I can control the constraints but I would never remove them. It seems like the benefits of constraints on systems would be obvious to engineers but apparently not.
bdangubic 2y ago
you are programmed to think this way because you will focus on some “good regulations” and say “look, regulation in ____ caused all these positive things.” but regulation means that government decided what can or cannot be done. and government is run by people that spend 70+% of their time fundraising. and people that shell out money at said fundraisers will want things and return. and that leads to regulations which are not in the interest of people in general but you know… also regulation is a double-egded sword as you always imagine that regulation will “go your way cause you are smart and have common sense” but we both know (especially in the USA) that is not the case. every regulation made by one political party the other will do everything possible to remove once they get the power back and vice versa

3 ms·

I wish people would stop regurgitating this obvious lie. You can’t walk 3 feet without bumping in to something that is better for you because of regulation. M

by mulmen 2y ago

WillPostForFood 2y ago
My motorcycle has a rev limiter for a reason. If you let the motor run wide open it will fail catastrophically. Economies are no different. It is an interesting metaphor to draw because you didn't need regulation to get a rev limiter.
- mulmen 2y ago
  Yes it is a metaphor not an example. In the case of my motorcycle the authority is Honda and myself. I can control the constraints but I would never remove them. It seems like the benefits of constraints on systems would be obvious to engineers but apparently not.
bdangubic 2y ago
you are programmed to think this way because you will focus on some “good regulations” and say “look, regulation in ____ caused all these positive things.” but regulation means that government decided what can or cannot be done. and government is run by people that spend 70+% of their time fundraising. and people that shell out money at said fundraisers will want things and return. and that leads to regulations which are not in the interest of people in general but you know… also regulation is a double-egded sword as you always imagine that regulation will “go your way cause you are smart and have common sense” but we both know (especially in the USA) that is not the case. every regulation made by one political party the other will do everything possible to remove once they get the power back and vice versa