How Does Laissez-Faire Economics Really Work?
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In response to legend, the seventeenth-century French King Louis XIV as soon as called a meeting of wealthy businessmen and industrialists and requested what the monarchy might do to help the financial system. Their response – “Go away us alone.” Over the ensuing centuries, the financial coverage that grew to become often called “laissez-faire” (French for “go away it alone”) has been embraced by free-market capitalists and demonized by progressive reformers.
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