> If baby formula were unregulated the price would be lower - this is obvious on its face This isn’t obvious at all. One steady state condition that occurs wit

> If baby formula were unregulated the price would be lower - this is obvious on its face This isn’t obvious at all. One steady state condition that occurs without regulation is a predatory monopoly and price gouging. And we aren’t even talking about fraudulent or harmful products reaching the market. No regulation just leads to a mafia state. Nobody wants it.