This was good. Everyone should at least be versed in the main differences between Keynesian and Hayekian thought when it comes to economic crisis or recession.
Now remember, just because Hayek is economically conservative (which is technically small "l" liberal) doesn't mean that Republicans are. Most modern Republicans are Keynesian, but believe in stimulus in tax cut form as opposed to artificial priming of employment programs (ye olde WPA) and other safety net programs (unemployment insurance, medicaid, food stamps, etc...)
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6 months ago
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