Regulation is administrative legislation that constitutes or constrains rights and allocates responsibilities. It can be distinguished from primary legislation (by Parliament or elected legislative body) on the one hand and judge-made law on the other. Regulation can take many forms: legal restrictions promulgated by a government authority, self-regulation by an industry such as through a trade association, social regulation (e.g. norms), co-regulation, or market regulation. One can consider regulation as actions of conduct imposing sanctions, such as a fine, to the extent permitted by the law of the land. This action of administrative law, or implementing regulatory law, may be contrasted with statutory or case law.

Regulation mandated by a state attempts to produce outcomes which might not otherwise occur, produce or prevent outcomes in different places to what might otherwise occur, or produce or prevent outcomes in different timescales than would otherwise occur. In this way, regulations can be seen as implementation artifacts of policy statements. Common examples of regulation include controls on market entries, prices, wages, development approvals, pollution effects, employment for certain people in certain industries, standards of production for certain goods, the military forces and services. The economics of imposing or removing regulations relating to markets is analysed in regulatory economics.

Warren G (born Warren Griffin III, November 10, 1970), is an American West Coast rapper and hip hop producer.

Warren G grew up in Long Beach, California listening to his parents’ collection of jazz, funk and soul; nurturing a deep love for music. In 1990, he formed the group 213, named after the Long Beach area code, with his friends Nate Dogg and Snoop Dogg. The current area code in Long Beach, California is 562. While practicing with “213,” and working a full time job, the young Warren used all his free time on creating his own sound and dreamed of making it big.

The trio “213” dissolved when two of its members signed with Death Row Records. Although Warren G had the option of joining Death Row and work with his step-brother Dr. Dre, Warren preferred, from the very beginning of his career, to focus primarily on his solo career. True to his independent spirit, Warren G dedicated himself to creating his own sound; a distinct style that was later to become known, worldwide, as the legendary G-Funk.

Nathaniel Dwayne Hale (August 19, 1969 – March 15, 2011), better known by his stage name Nate Dogg, was an American musician. He is noted for his membership of rap trio 213 and his solo career in which he collaborated with Dr. Dre, Eminem, Warren G, Tupac Shakur and Snoop Dogg on many hit releases. Nate Dogg released three solo albums, G-Funk Classics, Vol. 1 & 2 in 1998, Music and Me in 2001 and Nate Dogg in 2008.

Nate Dogg died in 2011 in Long Beach, California of complications from multiple strokes.

Nate Dogg was born in Clarksdale, Mississippi. He moved to Long Beach, California when he was 14 following his parents' divorce. He was the friend and partner in the rap game with rappers Snoop Dogg, Warren G, RBX, Daz Dillinger and was the cousin of Butch Cassidy and Lil' ½ Dead. He began singing as a child in the New Hope Baptist Church in Long Beach and Life Line Baptist Church in Clarksdale, Mississippi where his father Daniel Lee Hale was pastor. At the age of 16 he dropped out of high school in Long Beach and left home to join the United States Marine Corps, serving for three years.

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century…possibly of all of it."

Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate (e.g., by increasing aggregate demand) only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Friedman argued that, given the existence of the Federal Reserve, a constant small expansion of the money supply was the only wise policy.