6 / 83 intervention"3. The notion of "Free market" has many interpretations and schools of thought. For example, one of the more extreme, yet currently active ideologies is the "Austrian School", which condones the notion of "laissez-faire" which basically means having literally no state intervention on economic issues at all. In this perspective, "welfare" and other state sponsored `social' programs would be considered inappropriate. Now, general terminology aside, a very relevant attribute of Monetary Economics is the "Theory of Value". The level of a product or service's `
