Sunday, May 1, 2011

Economics - Keynes vs. Hayek

I know my blog is about cars but this video deserves to be promoted. People need to be made aware of flawed economic policies and the ongoing discourse that's occuring in the hallways of power and at centres of higher learning.

Its chock full of digestible tidbits from the Keynes-Hayek dispute. Ultimately, governments are unable to regulate business cycle and fiscal policy - by intervening and bailing people out as they did three years ago, they're only setting the stage for another global economic crisis.

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