Apedia

Laissez Faire Government Lah Zay Fair Noun Belief Interfere Economic

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(lah-zay-FAIR), noun

The belief that government should not interfere in economic affairs, but should instead let the economy take its natural course.

Our family began to place most of its money in hedge funds when we became convinced that the government intended to forego LAISSEZ FAIRE and take a more active part in the nation’s financial system.

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