Heavy regulations precede US economic busts.
"Typically, cronyism involves support of politicians in exchange for regulations denying others the freedom to compete with the moneyed interests (e.g., monopolies). Less competition leads to higher costs and lower quality. It reduces economic growth, jobs, wages, innovation, and productivity."Yep.
"Attempts to control economic growth through government spending and/or manipulating interest rates (e.g., stimulate growth with low rates) generally leads to more severe crises."Lovely.
British government wants to ban adblocking.
Proposal for regulation of data and algorithms. That would be disastrous.
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