Why is laissez economics supported?

Answer 1

Laissez-faire economists typically believe a market functions more efficiently when it functions more freely. The Austrian School of economics (which is a heterodox school of thought, including anarcho-capitalists, etc; all laissez-faire, however) believes that Federal Reserve Banking the principle cause of business cycles (economic booms and busts; recovery and recession, so to speak). The benefit, then, to eliminating those practices, and others, would be to reduce adverse impacts to the economy.

Laissez-faire capitalists generally believe that government interventionism has negative effects on the economy; price controls prevent competition ("by keeping prices artificially high, not allowing for businesses to "undercut" each other"), anti-monopoly laws lower qualities of goods ("businesses can't expand, so why should they be effective more than necessary?"), and minimum wages prevent increased standard of living and employment ("Decreased hiring ability results from minimum wage." Also, this goes along with Austrian views on inflation; Austrians believe the best way to raise standards of living is deflation and increased productivity, not artificially increased wages).

Answer 2

Laissez economics is an economic environment in which transactions between private parties are free from governmentrestrictions, tariffs, and subsidies, with only enough regulations to protect property rights.