Andrea O’Sullivan and Christian McGuire for the Mercatus Center: Facebook has faced plenty of complaints about its handling of hot-button issues in the last year, including the company’s handling of political disinformation, hate speech, ideological bias, and consumer privacy. It’s not surprising, then, that Facebook now faces renewed whispers of federal regulation.

… Policymakers should pause before rushing to regulate. Data privacy legislation could be far from a lump of coal for the controversial company. On the contrary, it could be the best Christmas present Mark Zuckerberg could ask for.