best left to their own devices.

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thuhoai

Senior Member
Vietnam
Hi, everyone

The near-collapse of the world’s banking system two-and-a-half years ago has prompted a fundamental reassessment of the industry. Perhaps the biggest casualty of the crisis has been the idea that financial markets are inherently self-correcting and best left to their own devices.

Could you please explain the phrase "best left to their own devices"?
Thanks in advance

http://www.financialregulationforum...nal-banking-being-changed-by-regulation-5923/
 
  • Thuhoai, it means the markets are best left alone to do their "self-correcting", controls and repairs on their own and not by, or at the instigation of, any external parties. The expression "Hands off!" comes to mind.

    Gautenger
     
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