> Have as anybody ever done any research into the consequences of removing consequences from your average person

For a lot of it, yeah, it's called history.

Generally speaking, the consequences we have now are because of what was seen to happen when we didn't have them before. Regulations nearly always happen after the fact. Laws against stealing happen because people are stealing, and that's bad. Laws against murder happen because people are murdering, and that's bad. Laws against putting asbestos in things happen because people are putting asbestos in things, and that's bad. Laws against fraud happen because people are doing fraud, and that's bad. Laws about net neutrality happen because ISPs start enacting or publicly preparing to enact abusive policies. You don't need to remove the consequences. We already know what things were like before we started applying them.

Are the consequences we have now the right consequences? That's a much harder question to answer.