Sunday, June 12, 2011

Down but not out.........................

Ok. It has been a very long time since the last post. The dog has had a very busy year outside of economics. Well, let us get on with the news. It appears that the economy could see a slowdown in the near future. Europe is still having problems. Japan industrials are slowing. Greece, Spain, Portugal, and other Euro peripherals are having issues with their debt. The U.S. is politicking over debt issues so far to no avail. So on to a couple of questions to ponder..........is Keynesian theory dead? Or was the stimulus just not big enough? Could the Austrian School be right about debt and credit? You decide. In the mean time enjoy these two epic videos on the fight of the century..............Keynes vs Hayek:

Video 1
Keynes vs. Hayek "Boom and Bust"

Video 2
Keynes vs Hayek "Round 2"

Tell us what you think................................


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