Check these out. There’s been an ongoing war of ideas, Hayek vs Keynes, for eight decades and counting — and these videos sum it up consummately. This ongoing academic fight has shaped lives and countries for decades: booms, busts, unemployment, and possibly even wars.
Indeed it’s an ominous sign of the times that there is a resurgence of this debate. (The masses take no interest in monetary policy when times are booming.)
(If you are in a tearing hurry, skip the first minute).
I’m not a rap fan, but this is so good that, for the first time, I have to admit rap has its role.
There’s a second in the series and it’s even better.
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There are parallels between climate and economics. Using global markets against “man made global warming” is a Keynesian solution to the weather.
The big left-right divide is not about conservative versus progressive. The “progressives” want us slow down, and give up cars, flights and air conditioners, and the “conservatives” fight to keep development rolling. Ultimately the left right dichotomy boils down to the individual versus the collective. Thus Keynes (the big government solution) […]
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