Question

Categorize the actions according to whether Hayek would be likely to agree or disagree with them.

Answer 1

His likes:

Decreasing of taxes,

reducing import taxes ( espically with japan),

having natural prices

Dislikes:

government improving the lives condition and helping with economic turndowns,

stricter car safety laws,

lowering gas cost,

creating more jobs positions and helping world hungry and jobless citizens,

and me.

Answer 2

Agree: eliminate the minimum wage,

- decrease overall taxes

- reduce import taxes on goods imported into the U.S. from japan

- let prices naturally increase as resources become scarce.

Disagree: Increase government spending during economic turndowns to improve the economy

- increase the money supply, pass a law requiring stricter emission standards for all cars,

- limit the price of gasoline,

- government creates jobs to employ the unemployed,

- government pays for all levels of education for every citizen.

Explanation: edmentum