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holmesworcesteryesterday at 4:07 PM0 repliesview on HN

That's not always true. Regulations increase the cost of transacting and make ranges of transactions non-viable, just like a tax.

So there is "dead weight loss", where transactions that would have been mutually beneficially and socially productive are eliminated by the regulation, and restored when somebody finds a loophole, restoring the individual and social benefit.

The world is not zero sum!