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if you are driving a convertible :)
Why spread such untruths?
My motorcycle has a rev limiter for a reason. If you let the motor run wide open it will fail catastrophically. Economies are no different.
If you think regulation doesn’t work then you’re simply ignorant of how even basic parts of your daily life work.
It is an interesting metaphor to draw because you didn't need regulation to get a rev limiter.
In the case of my motorcycle the authority is Honda and myself. I can control the constraints but I would never remove them.
It seems like the benefits of constraints on systems would be obvious to engineers but apparently not.