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.

not  

cuba  

russia  

iraq  

el salvador  

explanation:

known as the land of volcanoes, el salvador has visit seismic tremors and volcanic movement. it is the main nation in central america that does not have a coastline on the caribbean sea. about portion of all salvadorans live in the wide open. they are poor and don't have power or running water in their homes. in 1525, pedro de alvarado, a lieutenant of cortés's, vanquished el salvador. el salvador, with alternate nations of central america, pronounced its freedom from spain on sept. 15, 1821, and was a piece of a league of central american states until the point when that association broke up in 1838.

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