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  • Central planning was the first step to a totalitarian regime.* Hayek was against state intervention even during the the great depression.* Hayek influenced politicians such as Churchill and Thatcher.Turning point (free markets):* By 1974, the world began to go his way (Hayek won the Nobel Prize).In the US* Airline deregulation took place (competition was necessary) - Freddie Laker vs. Pan AM = as
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