FAQ About Friedrich Hayek
How did Friedrich Hayek view government intervention in the economy?
Friedrich Hayek was generally opposed to government intervention in the economy, advocating for minimalistic state influence to preserve individual freedom and economic efficiency. He believed that government actions tend to distort market signals, leading to inefficient outcomes and a reduction in personal liberties. Hayek supported government roles limited to protecting property rights, enforcing contracts, and maintaining peace to ensure the functioning of a market-based society.
