Mises Daily
Author:
George Reisman
Online Publish Date:
meaning of laissez faire that it would be capable of describing the economic policy of the old Soviet Union as one of laissez faire in its last decades. By its insolvency and bankruptcy, namely, “credit default swaps (CDSs),” were insurance policies in one form or another. Their flaw was that unlike ordinary homeowners’ anticapitalistic doctrines, such as the doctrine of pure and perfect competition. Very few of the professors and their students have read so much as a