Thus, liberty entails the right to live your life the way you choose (as long as your conduct is peaceful), the right to use your talents and abilities to engage in enterprise freely (“free enterprise”), the right to engage in mutually beneficial trades with others (“freedom of trade”), and the right to accumulate the fruits of those trades (“property”).

Do kings or other government officials have the right to regulate or control these activities? Under what moral authority? These are fundamental rights that preexist kings or governments. Governmental officials have no more right to regulate or control these activities than they have to control how many children a family is to have.

Neither kings nor other government officials have the God given right to regulate or control these activities. I agree.

But when in the course of commerce the public's welfare is diminished then government has the right (duty) to regulate that commerce for the continued good of the whole.

Alternately, when the government aids a commercial enterprise by assigning public money to it and it is found that government officials directly benefit from it then the government needs to be reigned in.