> You argue that is hard to know both the cost and the benefit of regulations. I argue that if you cant gauge it, then you can never conclude if its good or bad.
Here's where the trick is. I'm not saying "you can't gauge it"; you even acknowledged in the previous sentence that that's not what I'm saying. I'm saying it's complex, because in order to gauge it, you must have some of it, otherwise there is no way to produce reliable metrics.
Yes, that requires incurring some cost. But the risk of much higher costs comes down dramatically once the initial cost is paid, because the information it provides makes us able to avoid greater costs down the road.
What you're saying is that if we can't build a tower all in one go, we can't build it at all. I'm saying we can do it in reasonable stages, but we have to lay a strong foundation first.
Here's where the trick is. I'm not saying "you can't gauge it"; you even acknowledged in the previous sentence that that's not what I'm saying. I'm saying it's complex, because in order to gauge it, you must have some of it, otherwise there is no way to produce reliable metrics.
Yes, that requires incurring some cost. But the risk of much higher costs comes down dramatically once the initial cost is paid, because the information it provides makes us able to avoid greater costs down the road.
What you're saying is that if we can't build a tower all in one go, we can't build it at all. I'm saying we can do it in reasonable stages, but we have to lay a strong foundation first.