Obama Gives Laissez Faire Its Last Rites.

The article discusses the possible employment of the laissez faire concept to improve economic conditions in the U.S. In his 2008 presidential campaign speech, U.S. President Barack Obama emphasized on how the economy was handled differently compared to his announced economic plans. Historical information about the laissez faire practice in France during the 1700s is presented. It also offers explanations why free market principles previously failed to be effective in the U.S.