Friday Factory Tune: Keynes vs. Hayek Round Two

Via EconStories, “Fight of the Century, Keynes vs. Hayek Round Two.”

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 answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”!

Starring Billy and Adam from

Hat tip: Veronique de Rugy, Mercatus Center

The first video was “Fear the Boom and Bust

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