> And in cases where there isn't perfect competition, many times good regulation can remedy the problems very effectively. Then we agree, but that is the big p

> And in cases where there isn't perfect competition, many times good regulation can remedy the problems very effectively. Then we agree, but that is the big point I see in this discussions "regulations are always bad, regulations destroy markets" and so on. Regulated markets are a useful tool. And like all tools they can be misused or overused.