Low State Intervention
This article is part of the Basic Liberalism Course -> Module 7: Distortions of the Free Market
Last updated: 2026-06-05
What is considered low State Intervention
- State limited to: protection of property rights, enforcement of contracts, national defense and justice.
- Sound money (gold standard or free banking).
- No price/wage controls, no tariffs, no generalized subsidies.
- Approximate historical example: Hong Kong in its most liberal stage or the US in the 19th century in many aspects.
This article is part of the Basic Liberalism Course -> Module 7: Distortions of the Free Market
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Last updated: 2026-06-05
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