John Maynard Keynes Vs Friedrich August Hayek live on the BBC
Interesting article on the two economists, Keynes & Hayek. Obviously as a socialist I'd be on the
Keynesian Economics side of the debate :
As their economies contracted, governments responded to their mounting budget deficits by
raising taxes and cutting spending.
The Great Depression bottomed out at the end
of 1932, with British unemployment having reached 20%, American unemployment even higher.
Things and stuff @ Aug 3, 2011 2:36 PM EDT | Blog Profile