00:01
Here, the chicago school keynesian economic smoothing, the chicago school known for its adherence free market principles was critical of keynesian economic policies including the idea of economic smoothing.
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Then they believed in the efficiency of markets and argued that government intervention as advocated by keynesians could distort market mechanisms.
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Then rent control, the chicago school was generally opposed to rent control.
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Finally, economists like milton friedman argued that it distorted market incentives leading to housing shortages and inefficiencies.
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Then uk civil servants and privatization here.
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First one is opposition to privatization.
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Initially, they were resistance for some uk civil servants to privatization.
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This resistance was based on concerns about job security changes in working conditions and potential negative impacts on public services.
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Then firms being fixed before privatization.
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Firms are often fixed before privatization to make them more attractive to private investors.
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Then special problems with privatizing oil firms.
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Privatizing oil firms presented unique challenges including issues related to resource ownership pricing mechanism and ensuring fair competition.
02:59
Now, here us federal deficits under reagan and bush.
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Here reagan era, under reagan us federal deficit increased significantly...