I'd summarize it like so: while it is theoretically possible fore regulation to be net-positive, it is vastly net-negative on average and especially cumulative. And we aren't able or willing to figure out which ones are positive/negative beforehand, so zero new regulation would be the optimal strategy.
I think for the sake of the Science we should try random regulation too. Maybe one state could use USDA regulations and another could use whatever ChatGPT comes up with and we A/B test.
Plus, we need to hold all other variables equal, so we can be sure what the causation is. And best of all we should use the gold standard, randomized controlled trials. With this method, some states/countries get randomly selected to implement a policy, but they don't even know about it, and to make it double blind, we also don't know about it until after the trial.
Sure let's go with that :)
I'd summarize it like so: while it is theoretically possible fore regulation to be net-positive, it is vastly net-negative on average and especially cumulative. And we aren't able or willing to figure out which ones are positive/negative beforehand, so zero new regulation would be the optimal strategy.