If government regulation increases price and thus decreases supply, why does the government regulate any goods and services?

The reason why the government regulates goods and services is because there are certain business practices that aren't allowed by the law. In order to protect the general population from small groups like bankers, stockholders or big corporations, the government is to protect both the general public and workers from illegal practices like monopolies, bad working conditions or the selling of dangerous products to people.

several states had passed similar laws, but they were limited to intrastate businesses. the sherman antitrust act was based on the constitutional power of congress to regulate interstate commerce.

you answered my friends question just to get the coins you didn't even give a valid response.

religion played a major role in the american revolution by offering a moral sanction for opposition to the british--an assurance to the average american that revolution was justified in the sight of god. the revolution strengthened millennialist strains in american.