Before starting a topic such as this, it is useful to define the terms. Regulation definitions - A law, rule, or other order prescribed by authority, especially to regulate conduct. - A rule designed to control the conduct of those to whom it applies. Regulations are official rules, and have to be followed. Wikipedia's description is a bit more detailed: Importantly, when viewing from a free market or natural law perspective there is still "regulation". Being pro-free market or pro-natural rights does not mean being anti-regulation. Regulation naturally exists within businesses and between parties for many sound reasons. Instead, free market regulation means to not allow coercive restrictions on people's peaceful activities that do not interfere with the rights of others. Given the known and well documented problem of regulatory capture and the very high incentives and likelihood that it will be misused to reduce competition and allow oligarchs to arise, people should be extremely sceptical of any Government regulation that does not relate directly to the defence of citizens natural rights to life, liberty and property. As Mises said, these types of regulations not only disrupt market processes they will also tend to bring about more regulations because there are unintended side effects associated with any intervention. As the choices of the regulators are to either do away with the first regulation or to enact a new one to treat the unintended side effects of the first regulation, they will typically choose the latter.