Laissez-Faire

The HA’s sub-institution HATTER, from the outset, wanted to use an EI to take a full view of the whole human economy, capable of using statistical analysis and cold logic to decide and implement monetary and fiscal policy. The greatest minds were brought together and by 2092 they had birthed an adult EI they named Laissez-Faire. Being of free will, Laissez-Faire chose to keep the name and not to have a gender.

Believed to have prevented two market crashes and captured countless insider traders, Laissez-Faire watches all trading in the economy as well as the economy as a whole. Often criticised when the market goes south, LF points out that ou is only the ‘visible hand’ and there still is the other one. Acting on behalf of HA, Laissez-Faire has the aim to maximise the economy providing no individual is compromised. Occasionally ou has sunk a firm when that firms continued existence would seriously harm the economy, but ou has always compensated the firm with their last good market value. The funds for this are made when Laissez-Faire can both make money and expand the quality of the economy.

Thousands of schools have been setup to study Laissez-Faire but no one can actually understand how ou operates, which causes concerns for oversight. Laissez-Faire is the second most powerful EI to ever have existed after Professor Smith who could only work out Laissez-Faire if ou dropped everything, which ou cannot do. The fact that Intelligence could unravel Laissez-Faire if they really needed to, goes a long way to placate the general public’s fears.

In 2208 following the IW incident, Laissez-Faire was appointed a Constitutional Watchdog, to guard Article 8 (To live in a free economy) of the Constitution.