regulation

“Every, every law is in, in large part, a story about a tragedy that happened. A tragedy that they wish not to see happen again. And it usually is a response to sort of public outcry about something. And so, As a result, you get every lawmaker, to put it in sor…”

“People talk about the small business being the backbone of our economy. I actually think regulation is like the backbone of our economy, good or bad, sometimes even bad back.”

“In the state level, there are usually several 100,000. At the federal level, there are like over a million.”

“If I'm a regulator at the Texas commission for environmental quality I need to like read through my like 3000 regulations and go back and like Fact check every single law that I cite. That's like a year long process for like a team of five people.”

“Once you reach a certain size, you are highly incentivized to stop new entrants from coming in. And the only way to do that, and particularly in a democracy, is to do state capture, is to work very closely with governments, parrot what they're saying, and then…”

“It's the same thing in healthcare in America, all the incumbents, right? All the regulations. And so you can't adapt and the healthcare is like three times as expensive or something as it would be.”

“AI is moving on a timescale of month to month, week to week, and, you know, regulations are on a few-year timescale at best put together, and that's just too slow of a feedback loop, and it's too heavy-handed, and it's probably not the way forward.”

“Trump put in a rule for every new regulation any cabinet member wanted to enact. You had to cancel two of at least equal magnitude. Well, we actually overall canceled eight for every new one that we put in”