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On the other hand, regulators who embrace these principles can help limit harms caused by the flaws that exist if all regulatory in all regulatory approaches. Practicing these principles is particularly important when the area to be regulated is rapidly changing and difficult to predict. It is exceedingly difficult to predict the path of technology and its effects on society. The massive benefits of the internet have, in large part, been a result of entrepreneurs freedom to experiment with different Business Models. The best of these experiments have survived and thrived, even in the face of initial unfamiliarity and unease about the impact on consumers and competitors. For example, you may remember the early, widespread skepticism directed toward online shopping. But today let me ask how many of you bought something online this month . Early yeah, me too. Early skepticism does not predict potential consumer harm. And conversely, as the failure of thousands of dot. Coms has shown, earl

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