It's no secret that I'm kind of a pessimist when it comes to regulation. Not opposed to the idea anywhere and everywhere so much as concerned that most attempts fail, and many are worse than the sickness that they hoped to cure.
This gentleman makes the point that perhaps we're just not trying hard enough.
I'm sympathetic to his sentiment, but I'm still concerned, since we don't tend to abandon failed attempts. The War on Drugs has endured in spite of its miserable failure, as has it's cousin, the experiment where we put an insanely large portion of our population in prisons.
So... what rules do we have on the books now that should be jettisoned, and if so, in place of what?