This is part 2 of 2 part series on the Economics of life.
Laissez-faire - an injunction against government interference with trade, it became used as a synonym for strict free market economics
I have a laissez-faire relationship with Wendy. I let her do what she wants without interference. Because, the market functions fine left alone to her own devices. Interference will knock the market out equilibrium, and when the market is out of equilibrium, there is a surplus of cold shoulder.
A wild horse should never be caged.
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