Keynes vs. Hayek, Round Two
For all of us who couldn't get enough of last year's sensation "Fear the Boom and Bust
" (the "Rapper's Delight" of economic theory hip-hop), producers John Papola and Russ Roberts have released the sequel, "Fight of the Century
." This one deals explicitly with the Keynesian fallacy that World War II ended the Depression: "Creating employment's a straigtforward craft / When the nation's at war, and there's a draft / If every worker was staffed in the army and fleet / We'd be at full employment with nothing to eat."
11:06 AM / April 28, 2011
: include(/srv/users/prod-php-nltashbrook/apps/prod-php-nltashbrook/public/sd/nlt-blog/_includes/promo-main.php): failed to open stream: No such file or directory in
: include(): Failed opening '/srv/users/prod-php-nltashbrook/apps/prod-php-nltashbrook/public/sd/nlt-blog/_includes/promo-main.php' for inclusion (include_path='.:/opt/sp/php7.2/lib/php') in