1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lemur [1.5K]
3 years ago
14

Why did Friedrich Hayek call expansionary spending dangerous?

Social Studies
2 answers:
Natalija [7]3 years ago
3 0

Friedrich Hayek was an Austrian Economist known for his work on the <em>Theory of Money</em>, which earned him a Nobel Memorial Prize in 1974. He openly supported classic liberalism, which emphasized the economic freedom of all individuals who formed part of society.

Hayek opposed expansionary spending (or expansionary monetary policy) because he considered, following principles of liberalism, that government intervention in the economy should be kept at its minimum expression. It is up to individuals and the economic relations they form as to whether an economy grows or not. The increase of money supply in a country could bring negative effects such as <em>inflation, </em>which is the sustained increase in the prices of goods and services.

DerKrebs [107]3 years ago
3 0

Hayek was worried that expansionary spending would lead to poor decision-making by a misguided consumer class which in turn would lead to rapid inflation.

You might be interested in
One's sexual orientation refers to a(n) ________ members of either one's own sex or the other sex.
maw [93]

Answer:

Enduring sexual attraction toward members of either one's own sex or the other sex.

<h3>Explanation:</h3>
  • A person's preference for having sex with people of the opposite sex (heterosexuality), people of the same sex (homosexuality), or people of both sexes are referred to as sexual orientation (bisexuality).

To learn more about it, refer

to brainly.com/question/24448358

#SPJ4

5 0
1 year ago
Why do you think that Spain offered freedom to the slaves?
Goryan [66]

Answer:

Many historians have concluded that Renaissance and early-modern Spain had the highest amount of African slaves in Europe. After the discovery of the New World, the Spanish colonialists decided to use it for commercial production and mining because of the absence of trading networks.

3 0
3 years ago
According to immanuel wallerstein's analysis, the united states is considered at the ________, whereas neighboring mexico remain
kow [346]
I believe the answer is: Core

A nations is considered as a core of world's economic system if every economic decisions that made by that country would most likely set up the economic trend for the rest of the world. Other example of nations that considered as a 'core' are: England, China, Russia, and Germany
7 0
3 years ago
Plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz helpppppppppppppppppppppppppppp
oee [108]

Answer:

1) the boston tea party was were the government was over taxing the tea so the colonists a selective group came and snuck on the governments boat and nocked all tea bags off into the water.

2) the cause of the boston tea party was due to the overtaxing of tea that the governemnt was pushing for the colonists to tax more money for tea.

3) the effects of the boston tea party was it left the government in dept because the tea the governemnt had to pay for but they got thrown off the ship so lots of money gone.

4) the boston tea party was important because it left the governemnt in dept and in the timeline of events we have to add the governments mone loss.

Explanation: thats all I got but i hope it helps :)

3 0
2 years ago
Explain ONE way in which a global capitalist economy affected social structures in the period 1750
Sidana [21]

Answer:

Social classes and urbanization would be the answer to this question.

5 0
3 years ago
Other questions:
  • According to freud, boys are most likely to experience the oedipus complex during the ________ stage.
    13·1 answer
  • Sigmund is very interested in his neighbor Sally but has much anxiety about his attraction to her because his friends would not
    9·1 answer
  • Dutch still life paintings convey spiritual meaning through their use of
    15·1 answer
  • The Bourbon Triumvirate helped Georgia through the rough economic times with questionable methods of
    15·2 answers
  • Consumers have a number of options when obtaining a loan. Financial institutions range from banks to payday lenders, and
    12·2 answers
  • A sentece describing the baby boom
    5·1 answer
  • Why should people join knights of labor
    11·1 answer
  • Vince and Juan are playing basketball. Vince shoots the ball, and Juan blocks the shot. Vince says, "Wow, I didn't realize how t
    8·1 answer
  • The distance from Earth to Mars is about 54,600,000 km. How many light-years is this?
    5·1 answer
  • Why should investors when buying/selling stocks pay attention to "liquidity"?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!