[Xorakios]

Most economists and left-leaning research institutes disagree with this. Transaction costs, both monetary and temporal, are always higher with more regulation and governmental institutional involvement.

https://www.rand.org/content/dam/rand/pubs/notes/2006/N2505....

https://faculty.haas.berkeley.edu/stadelis/tce_org_handbook_...

The arguments are usually about whether equity/fairness/outcomes are better, but cost in money and time is always higher.