In our experience with these principles, we have found that limited government is one of the most important things in American society. With the government being Laissez _Faire means that we can set up businesses and have them no dominated by government regulations. This also means that we have rights such as but not limited to; Freedom of speech,Freedom of religion,Freedom of press,etc.
And this is shown with our newspaper outlets and news media giving fake news and things of the like which admittedly isn't good. But this is the lack of government control coming through.