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Compare And Contrast Reagan And Friedrich Von Hayek

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United States President, Ronald Reagan, and United Kingdom’s Prime Minister, Margaret Thatcher, believed in the economic principles of Friedrich Von Hayek. They believed in free markets and free enterprise. They also believed that governments are not to interfere with the markets and the economy at all. Both leaders removed centralized planning of their economies. They also privatized state-owned businesses, markets, and allowed the markets to decide prices and regulate itself. The outcome of this economic reform was a success. The two nation’s economies were entirely run by a system of capitalism, and free markets. They significantly impacted other countries who wanted to reform their economies. President Reagan and Prime Minister Thatcher

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