to limit the governments control over production
He was a strong supporter of laissez faire economics
prices are best determined by supply and demand.
FDR
Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than protect property rights and maintain peace.
Adam Smith
No.
Laissez-faire economics IS an economic system. However, it is a subset of wider capitalism.
A laissez-faire leader is a leader who advocates free market economics with as little government intervention as possible.
Adam Smith.
little government intervention
little government intervention.
laissez-faire economics