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Tuesday, January 26, 2010
Hayek v Keynes the 'Boom and Bust' rap
This is rather brilliant.
We’ve been going back and forth for a century
[Keynes] I want to steer markets,
[Hayek] I want them set free
There’s a boom and bust cycle and good reason to fear it
[Hayek] Blame low interest rates.
[Keynes] No… it’s the animal spirits
(Bless you, Mr Morus)
at
5:51 AM