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Regulations increase the value of goods and services by creating predictability. Competition reduces the cost of goods.

• cutler 8y ago
  So spake Adam Smith. Sorry but the Invisible Hand is a fairy tale.
  • pcwalton 8y ago
    You know who disagrees with you on that? Karl Marx.
    • deleted 8y ago
      [deleted]
    • cutler 8y ago
      Marx believed that capitalism tends to self-destruct which is diametrically opposite to Adam Smith's belief in capitalism's self-correcting Invisible Hand. I don't get where you're coming from.