Friday, August 29, 2014

Laissez-faire

And when the night is cloudy
There is still a light that shines on me
Shine until tomorrow
Let it be
--The Beatles

In French, laissez-faire means "let them do as they will" or "leave them alone." When applied to markets, this idea means that force should not intervene between people seeking to produce and trade with each other. People should be permitted to trade freely because they are acting out of their own volition.

Forceful intervention is only appropriate when property rights are violated. Otherwise, forceful intervention is a form of aggression--in conflict with natural law.

Let the people be.

1 comment:

dgeorge12358 said...

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
~Ludwig von Mises