Now, on one hand, getting rid of excessive government regulations is doubtless a good thing. But sir.... things just don't work that way. Regulations are enacted for reasons. They may be good reasons, or they may be bad reasons. But you can't decide how many regulations you're going to have through some mathematical formula!
Walt Hickey of FiveThrityEight Newsletter writes, "This is fantastic news, as I have been a long-standing proponent of the idea that the government that governs best is the government that governs like it was cursed by a woods witch after getting caught in her garden in a German folktale."