Would you share a more detailed argument? Right now we only have adjectives: "ridiculous", "idiotic".

The US economy generally did very well with those standards, maybe the best it ever did, especially considering distribution of benefits.

> The US economy generally did very well with those standards

Spurious correlation. Few experts (economists) think old regulations caused economic growth.

If we really want to recreate post-war growth, we should destroy half our infastructure and fight a world war. Then, in the years following the end of that war, we can experience catch-up growth.