LIMITED GOVERNMENT
A political system which states that a government's authority over its citizens is limited, prescribed, and restricted by delegating and enumerating powers. The United States Constitution, particularly Bill of Rights, limit the government’s role as to what the America’s forefather saw as its most vital functions: Preserve individual liberty and safeguard private property.
Many individuals have their own notion of a limited government but there have a common concept on a limited government: it levies enough taxes to deliver for national defense and police protection, but stays away from its citizen’s affairs. There is also a minimal governmental intervention in people’s freewill and the economy.
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A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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