The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: Vettezuki on April 28, 2011, 03:57:57 AM

Title: Keynes vs. Hayek - Round Two
Post by: Vettezuki on April 28, 2011, 03:57:57 AM
Jack would say there is a kind of war going on between socialism and capitalism today. That's true in some sense I suppose (though our capitalism has been fairly limp-wristed for a very long time now.).  There is, however, in a related sense, absolutely a war going on between interventionist economics vs. non-interventionist economics.  In the interest of full disclosure, I fall radically on the non-interventinoist side. I'm also a bit of an econ-geek and follower of the Austrian school, which, along with the Chicago School is the arch nemesis of Keynsian economics. In simplest terms, Austrian economics would be Laissez Faire  and Keynsian economics would be FDR and present.

Anywho, here's the video.

http://www.youtube.com/watch?v=GTQnarzmTOc

And for those who have little idea of what I'm talking about, especially the video follow-up, here's Round One.

http://www.youtube.com/watch?v=d0nERTFo-Sk



Title: Re: Keynes vs. Hayek - Round Two
Post by: LvsChant on April 28, 2011, 06:09:15 AM
+1 love the new vid. Lots of folks on here are followers of Austrian economics :)