property rights

Leissez-faire philosophy of public finance

5th August 2019

Leissez-faire philosophy of public finance According to Merriam Webster dictionary, Leissez-faire is a “doctrine which opposes government interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.”  In 2008 Nicholas Sarkozy, Conservative French President, proclaimed that “leissez-faire is finished.” When governments regulate or intervene, they interfere with the natural […]

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