04/29/11 Stockholm, Sweden – As we’re often speaking of zombies in these parts, it’s fitting that Friedrich A. Hayek and John Maynard Keynes are again back from the dead, and locked in their second battle rap, more than a year after their first rhyme confrontation.
The new video, entitled Fight of the Century, was uploaded earlier this week by EconStories and has already received nearly 200,000 views. In this episode, they’re tackling the hot-button issues of whether or not the Great Recession really ended about two years ago, where the economy’s headed now, and what is truly the best path forward. Each, in line with their respective economic traditions — Austrian versus Keynesian — takes an opposing view toward the other. Here’s one of Hayek’s more hard-hitting points:
“Jobs are a means, not the ends in themselves,
people work to live better, to put food on the shelves.
Real growth means production, of what people demand,
that’s entrepreneurship… not your central plan…”
You can see the video in its entirety below, which came to our attention via The Dollar Vigilante’s post on the Keynes and Hayek fight of the century.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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