A Greek Tragedy for Anti-Keynsians

It's common for Austrians and pro-freemarketers to lambast even light Keynesians about their conclusions. We hear things such as "you just don't understand" economics or markets constantly. For better or worse, Wall Street is overwhelmingly pro- free market and anti-Keynesian. As we often point out, people have a fantastic ability to fool themselves. Here is a great example.

Keynes vs. Hayek

Yo yo yo! Rap style!



Word.

Keynes was right; then subsequently abused

It is a delight to be with you here today, discussing the policy prescriptions of the great John Maynard Keynes. (I like to pretend like it is an actual, face-to-face Ivy League-style debate.) Though I disagree with my opponent, I do appreciate his view. Unfortunately for him, it is just plain wrong.