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Violations of Laissez Faire by the U.S federal government between 1865 and 1900
The principle of laissez faire is that the an unobtrusive government is the best government; that the government necessarily only 'maintain domestic tranquillity, defend the people from invasion, and protect them when travelling.' To leave economic workings of the country to the people and let the 'motives for production' be that of the people not the government. Our government took such a stance in its early decades, but as national debt rose, interstate commerce became indomitable, and the economy lost its strength, the need to patch the economy became very important. The government foun…
- Do we need government intervention in the form of Competition Policy? If so, why? Issues: mergers,cartels,industry concentration and their impact on the competition in Europe and USA.
- The key to inflation reduction is in the hands of the government
- Violations of Laissez Faire by the U.S federal government between 1865 and 1900
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