Two Types Of Ideologies In The United States

There are two types of ideologies in economy; i.e., mixed/progressive economy and conservative/Randian thinking ideology. Like in other advanced democratic countries, the U.S. also has what economists call mixed economy. In a mixed economy, the public and private sector contribute to the growth of the economy. In a progressive ideology, the government makes contracts with arms dealerships which allows them to get new weapons for the soldiers or police. A mixed economy is able to create new jobs for people, which increase social security and taxes. Through taxes the government is able to create highways and other projects. On the other hand, the people prefer the conservative ideology because they have the freedom to do whatever they want
without having the government watch over them. But, in a conservative economy, the government may not have much power but still has a key role to play in that economy. A conservative economy calls for lower taxes and cuts government spending’s. This ideology would lead to a balanced budget with no debts and deficits. Supporters who believed in a mixed economy were President Roosevelt and Woodrow Wilson.
When the G.I. Bill got passed, it allowed U.S. soldiers to fight in a war and come back to get an education for free. Due to this bill, many people began wanting to fight in the war because of free tuitions in college. Some of the money went to building projects to help improve a place. President Wilson established the Federal Reserve Act, was a way to make sure that the economy would be stable by introducing the Central Bank. By passing this act, it will be able to fix the United States economic problems if things do go wrong. While, Ayn Rand is a supporter of Randian thinking, she was an author of a book and wrote about how the government should have a less role in the economy. She wanted to lower taxes and cut government spending. Ayn believed that the government should have less involvement with the economy. She believes that the people should have the freedom to do whatever they want to do with their money. Another person that followed Randian thinking was President Reagan. He too believed that the people should have the freedom to do whatever they want. He also believed that the government should have less participation in the
economy. A good ideology that is best fitted for the United States economy is a mixed economy because the government will be able to take control of how the economy fluctuates. The government will be able to create new highways to help people get from one place to another. Through a mixed economy, the government will be able to create jobs, which will lead to taxes and improve social security. A mixed economy would likely make full-employment. Also, through taxes the United States will be able to make future goals come into reality. A mixed economy could offer economic security by improving the types of benefits one can get from social security.