Hacker News Reader

How many years of study does it take to know the law of the land now? Transaction costs are already enormous.

It's only hugely impractical because it should have been in place from the beginning.

I'm not sure. Every large enough system ends up needing a lot of boilerplate to tune it to work correctly. I think if such a law existed most decisions would go through the (non-elected) supreme court or some independent autarchys than through congress, and what would be sunseted each four years would be the statements creating such institutions.

Reply on news.ycombinator.com