Friday 29 January 2010

Fear The Boom And Bust

A rap duel between the spirits of the great economist Hayek and the idiot Keynes. Keynesian economics is what governments have tended to follow for the last few decades - characterised by frequent government interventions, bailouts, artificially low interest rates, inflation etc. Hence the current economic situation. It didn't make any sense to me when I was studying O Level Economics, and it still doesn't.


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