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Title: Hayek's Gift

Added: Dec 11, 2011

Author: EconStories

Duration: 1:36

Description:
Go to http://econstories.tv for EconStories content and materials.Produced by Emergent Order. Visit us at http://emergentorder.com.In this new EconStories video short, Keynes and Hayek catch up over a nice meal and a little champagne for some gift-giving holiday cheer. Visit http://store.econstories.tv to give a friend (or yourself) a gift like this one!-----Starring Billy and Adam. See more at http://www.billyandadam.com

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Channel: News

Tags: econstories  john maynard keynes  f. a. hayek  friedrich hayek  keynesiansim  austrian economics  government spending  deficits  t-shirts 



econstories  john maynard keynes  f. a. hayek  friedrich hayek  keynesiansim  austrian economics  government spending  deficits  t-shirts 

Youtube Comments: 118

firepyro2 Says:

Mar 28, 2012 - that is the problem with the keynesian economists nowdays. They seem to love spending in both bad times and good.

1Historygenius Says:

Mar 28, 2012 - You would think Keynes would be drunk.

MivMusseStudios Says:

Apr 3, 2012 - Johnny Depp Vs. Antonio Banderas

Sexualwendigo Says:

Apr 3, 2012 - wrong show.

Sexualwendigo Says:

Apr 3, 2012 - Lulz umad.

jerryamoore111 Says:

Apr 8, 2012 - Even during an economic bust, there shouldn't be spending. Maybe tax cuts or stimulus checks to individuals to encourage individual spending, but no government spending. The government spending goes to the wrong places and can lead to another bubble, and government jobs during a recession will be temporary employment (until the economy turns around). So leaving workers unemployed until they can find a real productive job is the better alternative.

TheMAN56355 Says:

Apr 9, 2012 - Ron Paul vs the 3 stooges (The other GOP candidates)

GenghisKhanPolitics Says:

Apr 13, 2012 - Hardly accurate...

GenghisKhanPolitics Says:

Apr 13, 2012 - Both the stimulus and the auto bailouts achieved what they were supposed to. Government spending is required at times.

luvcheney1 Says:

Apr 13, 2012 - No. How can Govt spending be stimulative? The Govt must go GET the money to spend FROM somewhere. This act of GETTING the money will have negative consequences, offsetting stimulus.

luvcheney1 Says:

Apr 13, 2012 - No Govt? Interest rates move up & down by themselves, based on desire to save, fear, optimism in market. These rate changes will slow, & speed up the economy, without govt at all. When rates are high, people want to save, it pays well. AS the pool of savings grows, its supply increases, and oversupply of savings pushes price of money (rates) lower. As rates fall, incentive to save goes down (doesnt pay), spending & borrowing at low rates grow. UNTIL pool of savings dries up, rate goes up again!

VeeDubz420 Says:

Apr 14, 2012 - Yes, 16 trillion dollars of debt is required.

handsockpuppet Says:

Apr 17, 2012 - It's not even that they cite Hayek during booms. It's that they tell the public that economics no longer matter because people are doing well. They raise taxes and hugely increase spending.

sonnybrown Says:

Apr 23, 2012 - It's the lowest of brow. But funny because of how direct it is, I guess. Made me lol.

OneWingedShark Says:

Apr 27, 2012 - "I Hayek econ" => "I hate econ"

inoccultus Says:

Apr 27, 2012 - Or maybe it's a play on "I *heart* econ." like the "I *heart* NY" t-shirts.

RonDukeSilverSwanson Says:

May 2, 2012 - No it's supposed to be like I heart econ. Keynes doesn't like it because it has Hayek's pic on it.

EzekielTheWatchman Says:

May 9, 2012 - That's because Kaynes said we could figure out inflation rates and make it more like a science. Hayek didn't and said the economy you will never be able to figure out (He doesn't help at all, he just says we will never be able to do anything, at least we can try).

NoxAlbel Says:

May 10, 2012 - LOL! Good one.

SaulOhio Says:

May 12, 2012 - Hayek's mustache was WAY too much.

TheAndron55 Says:

May 18, 2012 - spending your way out of debt is the equivalent to fucking yourself out of aids

PMoneyMillion Says:

May 21, 2012 - I wouldn't say thats accurate at all. I'd say that Keynesesian economics is just as credible and useful as more conservative economic practices. There is no "key" to the economy, but both are applicable to different situations/governments/economies.

Vdawg369 Says:

May 25, 2012 - Supply more t-shirts, you're creating a dead weight loss

runelord37 Says:

May 27, 2012 - hey while the ship is sinking might as well carouse and whore your way to the bottom eh?

mikeyid99 Says:

May 28, 2012 - BOOOOOOOM

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