The Government should not regulate markets

The Government should not regulate markets because it has no legitimate authority to say that a transaction is not in the better interests of the participants. It has no right to protect us from ourselves.

The only reasonable justification to intervene would be if another third party is harmed, and since a transaction neither influences others, or affect boundaries, it must always be acceptable. An arrangement between consenting partners hurts no one. We cannot object if our neighbour sells property to someone we disapprove of. If we object it must be due to an impact on the complainant, the plaintiff. Since most transactions do not affect the Government, there should be little, or no, regulation.

There is no crime if there is no harm. If we are consenting, that consent, provided we are not being exploited, is sufficient to remove the charge of harm. We are free to harm ourselves. We have not been exploited if we are consenting and are of sound mind.

The ability to refuse precludes the accusation that we have been exploited.