Regulations certainly play a large and important role in creating and sustaining well-functioning markets. No argument there.

Depends on the kind of regulations. Wage and price controls, for example, do not create well-functioning markets. Quite the opposite.

Agreed. Anti-spoofing, trade reporting, etc are the ones I mean.

You speak as if communist economies don't have financial crises. Yet they do.

And our recent inflation - great job, government!