First, regulated in this context at that time meant in working order. But that's a moot point. Even if it meant governed by a bunch of laws, it would apply to the militia. The key part of the amendment is "the people" as in....the right of the people to keep and bear arms shall not be infringed. It's often easier to make this point by changing the subject matter. A complete balanced breakfast being a necessary start to the day, the right of the people to keep and bear food shall not be infringed. Who has a right to food? A balanced breakfast or the people?
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