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Economic Regulation The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and focused on macroeconomics. His work led to the government and many economists believing that they had control over the economy. This led to economic regulations, which affected everyone from companies to the consumers. Through the history of our economy the government has made changes by enforcing many regulations to have full control of the growth and power of the economy and to protect the consumers. Regulations can be divided into two different categories, Economic regulations and Social regulations....

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