may 8, 1899 - Friedrich Hayek

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The date is his birthday- Like Keynes, Hayek is an economist who provided the other major economic theory known as CHICAGO SCHOOL ECONOMICS or MONETARISM. This theory promotes the idea of government stepping out and allowing more private investment. He is against government intervention which is similar to both the TRICKLE DOWN THEORY and SUPPLY SIDE ECONOMICS as both essentially encourage lowered taxes and decreased REGULATION.

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