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I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.
![I can't remember one [example of regulation] ...](/storage/always/ronald-coase/ronald-coase-quote-pic-1054817.jpg)