True, but it can be approximated as such. If the government regulates what needs to be regulated most, with a certain error corresponding to how bad the government is at figuring out what needs to be regulated, how much should the government regulate?
Regulation isn’t a scalar. Your question is malformed.
True, but it can be approximated as such. If the government regulates what needs to be regulated most, with a certain error corresponding to how bad the government is at figuring out what needs to be regulated, how much should the government regulate?