How are the opinions of the New York city merchant consistent with the concept of laissez - faire?

The opinions of New York City merchants often align with the concept of laissez-faire by advocating for minimal government intervention in the economy. They typically support free competition and the idea that market forces should dictate prices and business practices without regulatory constraints. This perspective promotes entrepreneurship and innovation, as merchants believe that a self-regulating market leads to greater efficiency and prosperity. Overall, their views reflect a belief in individual economic freedom, which is central to laissez-faire philosophy.