Thursday, April 28, 2011

Keynes Vs Hayek Round 2

This is an absolute must watch for anyone confused over top down versus bottom up (or Keynes vs Hayek).

Favourite lines from my side (Mr Hayek):
"Wow, one data point and you're jumping for joy"

"Real growth means production, what people demand, that's entrepreneurship not your central plan"

"The question I ponder is who plans for whome. Do you plan for yourself or leave it to you, I want plans by the many not by the few"

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