[Politics_CurrentEvents_Group] Re: "Fight of the Century: Keynes vs. Hayek Round Two"

What do you think were the worst consequences of taking Keynes too seriously?

--- In Politics_CurrentEvents_Group@yahoogroups.com, Bruce Majors <majors.bruce@...> wrote:
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> BruceMajors <http://www.youtube.com/user/BruceMajors?email=share_video_user>has
> shared a video with you on YouTube:
> <http://www.youtube.com/watch?v=GTQnarzmTOc&feature=email>
> Fight of the Century: Keynes vs. Hayek Round
> Two<http://www.youtube.com/watch?v=GTQnarzmTOc&feature=email>
> "Fight of the Century" is the new economics hip-hop music video by John
> Papola and Russ Roberts at http://EconStories.tv.
>
> According to the National Bureau of Economic Research, the Great Recession
> ended almost two years ago, in the summer of 2009. Yet we're all uneasy. Job
> growth has been disappointing. The recovery seems fragile. Where should we
> head from here? Is that question even meaningful? Can the government steer
> the economy or have past attempts helped create the mess we're still in?
>
> In "Fight of the Century", Keynes and Hayek weigh in on these central
> questions. Do we need more government spending or less? What's the evidence
> that government spending promotes prosperity in troubled times? Can war or
> natural disasters paradoxically be good for an economy in a slump? Should
> more spending come from the top down or from the bottom up? What are the
> ultimate sources of prosperity?
>
> Keynes and Hayek never agreed on the answ...
> more<http://www.youtube.com/watch?v=GTQnarzmTOc&feature=email>
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