Fight of the Century: Keynes vs. Hayek Round Two

[Stephen Gornick]

Fight of the Century: Keynes vs. Hayek Round Two: http://www.youtube.com/watch?v=GTQnarzmTOc


Fear the Boom and Bust (The original, or "Round One"): http://youtube.com/watch?v=d0nERTFo-Sk


Hayek vs. Keynes Sequel Sneak Peek at The Economist Buttonwood Gathering: http://youtube.com/watch?v=7k7ob438hk0

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[da2ce7]

They need to accept Bitcoin donations!

[kristoffernolgren]

So, according to my understanding, the bitcoin-economy would pretty much make a Keyneshian recovery-model impossible.

*No geographically defined-currency to boost
*Hard to collect taxes

Allthough, increasing the assets of the people in your local area, might boost the local economy right?

[grondilu]

I love the part about war.

And I also love this part:

KEYNES
so what would you do to help those unemployed?
this is the question you seem to avoid
when we’re in a mess, would you just have us wait?
Doing nothing until markets equil-i-brate?

HAYEK
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for who?
Do I plan for myself or leave it to you?
I want plans by the many and not by the few.

[FreeMoney]

So so good, watching it a third time now. Where do we ship the coins?

[deadlizard]

Hayek-splosives? we have a 10-66   

[Dusty]

Awesome video from Papola, really great job!

BTW: Hayek was for free competition of the currency on the market, I think he would be very interested in Bitcoin ;-)