Crafting cost-effective, gaming-resistant, outcome-achieving regulations is really hard to do

Bill McBeath

Published on Feb 21, 2019

There is a perpetual battle between pro and anti-regulatory advocates. But that tug-of-war misses the point. We need efficient, effective regulation—or alternative mechanisms—that actually work, to ensure a well-functioning, non-abusive society. Here we explore some off-the-beaten-path ideas on how to achieve the (mostly) noble goals of regulation, without the (mostly) inadequate results and high expense of regulation.