The Sweet Spot of Unbridled Government Regulation

If you're going to admit that a free market is a market in which people can do what they want provided they aren't harming anyone else, well, how do you get that provision? That's what the government does. And at least if you accept that much, you've also accepted some significant form of market regulation. Because there's all kinds of things we've decided that a market ought not be free to do. I think we go a step further and say that things like insider trading ought not be permitted.

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