Keynes vs. Hayek

The best way to learn traditional econ. and Austrian econ.

Keynes represents popular econ.  Hayek (the bald one) represents Austrian econ.

See part 1.

Comments

Post a Comment

Popular posts from this blog

Obi-wan Kenobi dead, Vader announces.

Image
CORUSCANT — Obi-Wan Kenobi, the mastermind of some of the most devastating attacks on the Galactic Empire and the most hunted man in the galaxy, was killed in a firefight with Imperial forces near Alderaan, Darth Vader announced on Sunday. In a late-night appearance in the East Room of the Imperial Palace, Lord Vader declared that “justice has been done” as he disclosed that agents of the Imperial Army and stormtroopers of the 501st Legion had finally cornered Kenobi, one of the leaders of the Jedi rebellion, who had eluded the Empire for nearly two decades. Imperial officials said Kenobi resisted and was cut down by Lord Vader’s own lightsaber. He was later dumped out of an airlock. The news touched off an extraordinary outpouring of emotion as crowds gathered in the Senate District and outside the Imperial Palace, waving imperial flags, cheering, shouting, laughing and chanting, “Hail to the Emperor! Hail Lord Vader!” In the alien protection zone, crowds sang “The Ten Thousand Year E...
Read more

The Economics of Ghostbusters

Image
Head over to Film Econ to learn about the EPA causing the apocalypse in Ghostbusters. Sorry.  This isn't your day. And here's the saddest quote ever by a man whose business was destroyed by the state : "The way the government goes after places like [my business] is by an accumulation of laws, regulations, and subjective decisions they are allowed to use to express their intent. Essentially they remove your security, increase your risk or liability, and increase your costs. This makes the closing of [my business] and similar manufacturing and accumulation of issues and not a single issue. They simply grind away until you either quit or they find methods of bringing serious charges or fines that force you to close."
Read more

Obama Made Me A Libertarian

Image
I voted for Obama in 2008.  I'll vote for Ron Paul in 2012. There was a time, in 2007, when I thought: Even if Obama doesn't win the election, I'd still be willing to give my time and money to whatever he decides to do next. I was convinced that he was our man.  I knew he was going to change the world.  I knew I wanted to change it with him. Then he became president.  The wars continued.  Guantanamo remained open.  The Patriot Act was renewed and not vetoed.  New wars started. I thought: Didn't we vote Bush out? Then I realized:  Even before Obama disillusioned me with his broken promises, his new wars, his abandonment of the Constitution, he had made me a Libertarian. You see, in 2007, when I decided that I would be willing to support him financially, and by volunteering my time—even if he didn't get elected—that's called freedom, or a free market. A year or two after I voted for him, I no longer wanted to support him.  I did not want to giv...
Read more