Fear the Boom & Bust

James | Jul 09, 2010 | Comments 1

This summarizes the classic economic debate of our time and ironically is the same debate we went through in the 1920′s and leading up to the Great Depression. Had government followed Hayek’s philosophy, the Great Depression would’ve likely ended after only a couple years, rather than FDR’s Keynes approach which prolonged it for a decade and only got out of it through a world war. Enjoy the video!

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Filed Under: Consumer Goods | Financials | U.S. Politics | World Politics | Other Investment Related News • Featured

Tags: Boom & Bust • Fear the Boom & Bust • great depression • Hayek vs Keynes

Zac

I love this video. We watched it in my Econ classes as well as a little teaser.
I'm obviously on Hayak's side, like you.
Great video to sum up Keynesian Economics and Classical Economics.

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