I agree that regulations
"must be thought through many different economic scopes in order to have the best possible outcome on the people and the health of the economy.
Regulations affect everyone either directly or indirectly. It is important that they are thought out thoroughly due to the possible affect they have on a society. One wrong regulation and it could cause a downfall of a society that would be hard to bounce back from. However, regulations are necessary for growth. If there were no changes the economy would become stagnant and eventually roll over. Changes keep the economy on its toes and help grow and expand the market. With that being said, like you stated, some regulations are effective and others are ineffective. This is based off of the individual. If the society finds the regulations to be positive they will take the regulation into action, making it more effective. If people disagree with the regulation, they would not follow through with it, making it more ineffective. I agree the regulations mostly affect entrepreneurs, either helping them renovate their product, or hurting their production process. Just like regulations, taxation is another way the government can put effects on the economy. I agree that raising taxation to help decrease may not be the smartest decision. Sure it might look good on paper but there are many unseen effects that occur that may not be so beneficial. I have not yet thought about regulations and barriers to entry. I agree that all because a regulation has good intentions behind it does not make it have a positive impact. It is hard to say weather or not a regulation will have a positive impact which is what makes them so important. I agree that the unseen part of the economy are the long-term affects and also the back side, more forgotten, affects of decisions made. However, for the economy to continue to grow in a positive way, the unseen must not go unaccounted for. For regulations to be beneficial, the government must account for the impact 5, 10 years down the line and adjust to those factors. Great article, I loved reading your thought process behind the material we read. It helped me expand my perspective when it comes to taxation and regulations and the impacts it has on a society.