Only one institution is “deregulated”

People make many wrong assumptions about regulation

But our classic article, “How to think about regulation,” can clear up a lot of the confusion. It answers important questions like…

  • Is regulation really needed, and if so, why?
  • Which institutions need regulation the most, and who should provide that regulation?
  • Who regulates the regulators?
  • Which social institutions are most free from regulation?
  • Are there non-state forms of regulation?
  • Are there some institutions that cannot escape regulation even if there were no state regulations?

Perry Willis is the author of this piece, and he makes a startling claim: There is only one institution that is mostly exempt from regulation. Can you name it without looking at this article first?

How to think about regulation

ZAP The State and have a nice day,

Jim Babka, Co-creator
Zero Aggression Project

Show Comments 1


  1. This was brilliant, and no, I tried and failed to come up with the correct answer. Cynic that I am, I guessed government, since I do not believe we have had true representation in the House of Representatives since the Permanent Apportionment Act of 1929.

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