I think the problem is not regulation, but that regulations are almost always implemented after something has gone wrong.
Regulations should be more dynamic. If it looks like someone has found a loophole, they shouldn't be afraid to plug it before it becomes a problem. But they should also be more active in modifying and "optimizing" existing regulations, so long as they don't do it too often.
Regulations should be more dynamic. If it looks like someone has found a loophole, they shouldn't be afraid to plug it before it becomes a problem. But they should also be more active in modifying and "optimizing" existing regulations, so long as they don't do it too often.