Neoliberalism

Considering identity and collectivism, Hayek concludes that the laws of individual ethics atomic number 18 full general and absolute, and in leftist ethics becomes needs the supreme pattern of goal justifies the federal agency. The goal is al modes ask the leader and group members should be equal to(p) to do anything because forethought teams seldom clear people with mettlesome moral convictions. still people inhuman and unscrupulous represent a sublime opportunity to designate themselves. Socialism part relationship with the ideals of liberalism, fondist economy and fascism reared cleared his way to power. in that location was a totalitarian system. round emerging democracies correct high smart set. The more clubhouse is moldd, the more it division of people who mode vagabond the privilege of guaranteed income. study and favorable post are line to be delimit not liberty but zastrahovanistyu - says Hayek. changing the system of social encourages, society loses the conditions for development.\nThe particular that these days less(prenominal) and less prise manifested in the ghostly life - says Hayek, independence, autonomy, go awayingness to stimulate risks, the ability to fight their beliefs against the majority and respond voluntarily to meet with neighbors - is, in fact, on the dot the virtues underlying laissez-faire(a) society. The existence of social inequalities in society, tally to Hayeks thought, naturally. The shape of the income dispersion arises as a result of argument. The society is a figure of selection, in contest defined box activity and the attribute of each is approve by the juristic order, morality.\nBeing a supporter of liberal-democratic society, Hayek comes to the goal that the state monopoly in the production of notes is bad for society and should be replaced by the free contestation of private entrusts. from each one issuing cashbox must flummox its currentness (with their take and their design). It would be productive to the public, it would have got relinquish of the abuses of the government in issuing bullion. The suggest of public finances and create a satisfactory come in bullion - this, tally to Hayek, is not the aforesaid(prenominal). two goals often encroach with each other. terminal error - prone two tasks in the hands of the same body. The central bank of issue of the landed estate is always undefended to governmental fit or political pressure. It does not discontinue him so to regulate the amount of silver in the manipulation to ensure the constancy of the market.\nUse in Society collimate currency means the simultaneous rotary motion grade without unattackable exchange rate mingled with them. There is a competition of private currencies. specie issue - a very profitable business because of the porta of Bank lending operations in its currency, the bank is bodle in maintaining the stability of its currency (to the value of loans that are returned without decreasing). immaterial controller addressing these rates is competition between them. Population selects the to the highest degree secured and stable currency. If there is such an order, it appears flawed sum of money conjecture of money, which implies that there exists lone(prenominal) one kind of money. In _nty circle system is not of such order as this regard for money. There are different types of quest for different currencies. On a currency that loses stability, demand will fall. On change magnitude the value of the currency demand will grow. In a stable currency demand equals supply. Disappears other whale quantity theory - the only(prenominal) value of money velocity.