Friedrich Hayek, the man quoted at the start of the chapter, is an Austrian economist who won

Question:

Friedrich Hayek, the man quoted at the start of the chapter, is an Austrian economist who won a Nobel Prize in economics. He argued that government intervention is difficult to contain. Suppose central planners have decided to financially support all children with food vouchers, free day care, and public school.

a. What problems might this create?

b. How might this lead to further interference by central planners into family choices? (Austrian)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

Question Posted: