You are correct. My first sentence was imprecise and inaccurate. Government does exist to, among other things, regulate what private businesses can do. I shou

You are correct. My first sentence was imprecise and inaccurate. Government does exist to, among other things, regulate what private businesses can do. I should have stated that governments should not create regulation when there is either no quantifiable externality or the harm is a part of a voluntary trade between private parties.