Why was friedrich von hayek against government intervention in an economy?

Because he believed that government intervention in the economy would only serve to cause inflation and postpone the recession.

Explanation:

Friedrich August von Hayek was an Austrian economist and is considered one of the founders of the Austrian school of economic thought. He was noted for his defenses about economic liberalism, and for his theses about the role of government in the economy.

Although a moderate socialist who did not advocate armed revolutions, he was a keen enthusiast of state control in the economy. However, influenced mainly by the ideas of the economist von Months, Hayek later came to admit his flawed thinking and became a great advocate of liberalism.

The economist's main idea was that the economy should function freely and without state intervention. According to him, a central (state) planner, even if well intentioned, would be destined for failure. This is because, as an economy is very dynamic, the planner could never make the best decisions for all individuals.

Thus, she argues that individuals should be responsible for economic decisions. Being that each individual would specialize where it had greater degree of knowledge. Thus, according to him, the economy would move towards long-term development. The economy would adjust mainly according to variables, the main one being the price.

the federal government of the united states was established by the constitution. us is a presidential republic. the president is head of state, head of government and of a two party legislative and electoral system. the supreme court balances the powers of the federal and the state government. yhe executive branch is headed by the oresident. there are two chambers of congress, the senate and the house of representatives. judicial power is exercised by the judicial branch (or judiciary), comprised of the supreme court and lower federal courts. the judiciary's function is to interpret the   constitution as well as the federal laws and regulations.

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