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I am wary of any arguments that suggest deregulating is the answer. Deregulating has practically never gone well.

The answer might be to have regulations that fit the current needs and constraints, not the ones from 60 years ago.

Well, from my point of view, regulating has never gone well. There are all kinds of example that can be cited, often called "unintended consequences" which I believe are not actually unintended at all

Government: If you think you have problems now, wait until you see our solutions

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