07 February 2015

Hayek versus Keynes

We've been going back and forth for a century.  Keynes: I want to steer markets.
Hayek: I want them set free.
There's a boom and bust cycle and good reason to fear it.
Hayek: Blame low interest rates.
Kenynes: No...it's the animal spirits.

I've read these books and recommend them!

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