The Eternal Debate..

The Eternal Debate – Hayek Vs. Keynes – Very nicely done rap video.  Dedicated to Pranab Mukherjee who must be spending some long nights ahead of the Budget in trying to resolve this debate 🙂

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2 thoughts on “The Eternal Debate..

    • Frederic von Hayek was a champion of free markets. John Maynard Keynes advocated government intervention to overcome recessions and depressions. Remember the ‘G’ in the macroeconomic equation that we studied in 3rd term? The recent economic downturn and government stimulus packages across the world draw their inspiration from Keynesian economics. One of the main questions in front of the Finance Minister was whether to roll back govt stimulus and if so by how much.

      This site gives a detailed explanation of the rap. http://www.dailykos.com/story/2010/3/1/8929/21462

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