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Thomas Hobbes' ideas about hiring an absolute monarch as the best ruler come from his ideas based on absolutism, as the governmental system capable of promoting social order.
<h3>Thomas Hobbes</h3>
He was an English philosopher born in 1588, whose central ideas were based on absolutism and the divine right of kings. He developed the concept of Social Contract, a theory that defines the abstention of the rights of natural human freedom in favor of the order and social security provided by the State.
As his main work, he published the book The Leviathan, which promoted absolutism and authoritarianism as the only way to promote order and the maintenance of society.
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Inflation is an economic problem that the American government is attempting to remedy. The remedy is to implement a contractionary monetary policy.
- The cost of employing contractionary monetary policy is that the country's unemployment rate may rise. Implementing a contractionary monetary policy is a common technique for managing inflation. A contractionary policy tries to reduce the quantity of money available in an economy by reducing bond prices and boosting interest rates. As a result, prices fall, inflation slows, and consumer spending falls.
- Controlling the amount of money in the economy is a critical monetary strategy for combating inflation. If the money supply shrinks, demand for goods and services will fall, as will prices. Another method for reducing the amount of money in circulation is when the government withdraws specific coins or paper money from circulation.
As a result of the economic crisis and decreasing production, companies hire fewer personnel.
Thus this is the economic problem of America.
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