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 🙂


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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s