> but regulation - by definition - limits the free market. Not always true. Consumer labeling laws enable the free market, because a free market requires par

> but regulation - by definition - limits the free market. Not always true. Consumer labeling laws enable the free market, because a free market requires participates have full knowledge of the goods they are buying, or else fair competition cannot exist. If two companies are competing to sell wool coats, and one company is actually selling a 50% wool blend but advertising it as 100% wool, that is not a free market, that is fraud. Regulation exists to ensure that companies selling real wool coats are competing with each other, and that companies selling wool blends are competing with each other, and that consumers can choose which product that they want to buy without being tricked. Without labeling laws, consumers end up assuming a certain % of fraud will always happen, which reduces the price they are willing to pay for goods, which then distorts the market.