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1 definition by kdiz930

 
1.
(les-ey fair; Fr. le-sey fer)
1. the theory that government should intervene as little as possible in the direction of economic affairs.

2. As present in the U.S. as free-trade and capitalism

"America isn't a true capitalist nation. What ever happened to laissez fair and free-trade?"
by kdiz930 January 27, 2009