Board of Economic Advisors
Travis Draper, Brett Kuechler, and Deion Foster
Smith will be beneficial to our island because his economic plan will serve as the foundation for our economy. In theory, an unregulated free market would be ideal. However, no entirely free market has ever sufficed. Because of this, Smith's plan of a free market could serve as the starting point for our ever increasing economy.
Hayek's beliefs will be greatly beneficial to keeping inflation to a minimum in our nation. His policies are revolved around the idea of creating the best economy for a society, and they would do exactly that in our nation. A free market would be the goal for our nation, and Hayek is an advocate for just that.
John Maynard Keynes
Keynes provides us with a more liberal approach to our economy. He contradicts the ideas of some of the other philosophers, which will be helpful in shaping the right economy for our nation. He will also be influential in the discussion of the issue of government involvement in the economy, which he thinks is necessary.
Friedman will be very helpful to our island because of his beliefs. As in all nations, there is competition between ideas. Friedman's ideologies will be able to serve as the more conservative part of this competition. He will be able to influence issues such as income tax and government regulation in our nation.