Lais·sez-faire

A policy or attitude of letting things take their own course, without interfering.

"Laissez-faire is economical brilliance."

Abstention by governments from interfering in the workings of the free market.

"He thought laissez faire was fair."

Laissez-faire; French: “allow to ddo” -- policy of minimum governmental interference in the economic affairs of individuals and society. Said to be derived from the answer Jean-Baptiste Colbert, comptroller general of finance under King Louis XIV of France, received when he asked industrialists what the government could do to help business: “Leave us alone.”