I think Federal regulation is necessary for businesses dealing on a national/international level in order to protect consumers and let capitalism and democracy attempt to co-exist without blurring the lines between business ethics and survival tactics when it comes to economic competition. However, this being said, I believe growth and competition would both be spurred if our focus on business regulation had an adjustable scope determined by the size of the business in question. Regulations that protect the market and its consumers on the level of multinational corporate conglomerates can serve to hinder and deter the development of new commerce on the most local level.
It shouldn't be so hard to start and maintain a business. We wouldn't need to shift our currency value at its core if businesses could thrive naturally and people had incentive to make lots of legitimate money without the fear of knowing 60% will be taken away. The more we make in this country, the more our money will be worth. Let's make it easy for American's to make things again.