Opinions vary regarding the extent to which governments should participate in the economy. Some believe the government should play a large role, while others believe the role should be limited. Some even believe the government should not participate at all.
Its not...the government should be thanked for all of that
The government should stay out of economic issues.
An economic system should be driven by free market forces, not government intervention. A+
The idea of laissez faire in President Hoover's 1932 campaign platform was that the government should stay out of economic issues.
During an economic boom, governments should focus on managing inflation and preventing overheating of the economy. This can involve tightening monetary policy by raising interest rates and reducing public spending to maintain balanced growth. Additionally, governments should invest in infrastructure and social programs to ensure sustainable development and address potential inequalities. Overall, the aim should be to promote long-term stability while harnessing the benefits of economic prosperity.
The word that describes a philosophy favoring government action is "statism." It is the belief that the state should have extensive control and authority over economic and social matters.
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Hoover did not believe that the government should lead the way to end the economic depression.
Its not...the government should be thanked for all of that
Deng Xiaoping, your welcome
Capitalism
The government should stay out of economic issues.
An economic system should be driven by free market forces, not government intervention. A+
The idea of laissez faire in President Hoover's 1932 campaign platform was that the government should stay out of economic issues.
Warren G. Harding's phrase "less government in business and more business in government" reflects his belief in reducing government intervention in the economy to promote free enterprise and capitalism. He advocated for a pro-business agenda, emphasizing that businesses should operate with minimal regulatory constraints to drive economic growth. Simultaneously, he suggested that government should adopt more business-like practices to enhance efficiency and effectiveness in its operations. This approach aimed to foster a favorable environment for economic development during his presidency in the 1920s.
How government should be involved in the economy
Yes, John Quincy Adams believed that the federal government should take an active role in promoting economic prosperity. He advocated for a strong federal presence in areas such as infrastructure development, including roads and canals, and supported policies that encouraged education and scientific advancement. Adams viewed these initiatives as essential for fostering national unity and enhancing the nation's economic growth.