Economics For Dummies. Keynes or Hayek?

[Oddball]

Never mind JBuckwheat...He's our resident wannabe dictator of the world.

 

[Publius1787]

I don't agree with that. I don't even agree that Hayek and Keynes are in opposition.

Hayek didn't say that Kenynes' math was wrong, or the tools wouldn't work. His postion was that putting these tools in the hands of the average politician was like leaving a two year old in alone in the control room of a nuclear power plant.

No Keynes was all about stimulating the economy with tax payers dollars. Until he found out that FDR was a moron. He changed his tune after that but the term keynsianism stuck.