The Early American Market Houses were very regulated, sorry Republicans.
One of the biggest political fights over the last several decades has been over deregulation of industry and commerce in our country. The Republican Party has championed deregulating just about everything along with the Libertarian faction within the parties infrastructure.
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The Republican politicians and their base are always clamoring about how they adore small government and that regulation is the cause of much of our economic struggles and we just need to go back to the days of our founding fathers.