Laissez-faire

Laissez-faire (lay-zay-FARE) — French for “allow to do” — is the economic policy of allowing markets to be free of intervention by the government.

Example (as used by Robert Ringer today): “To the laissez-faire businessman, freedom means an end to all government regulation. To the communist, freedom can be achieved only when individual incentive has been crushed and ‘the people’ own everything.”

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