Fight of the Century: Keynes vs. Hayek

As our the current “great recession” continues around us with low employment and low economic growth, two dominant economic theories on how to solve our problems are debated by our leaders. These two theories are represented by John Maynard Keynes and Friedrich Hayek. They essentially disagree about how much we (as in government) can intervene in the economy to make it better. This video, Fight of the Century: Keynes vs. Hayek Round Two, is a humorous, but smart (fun?) exploration of the differences between Keynes and Hayek.

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