Fight of the Century- Keynes vs Hayek- Round 2

Thank you John Papola and Russ Roberts for putting this together. This video can be viewed, along with lyrics and additional information, HERE






For those who missed out on Round 1...

Economic Terrorism by Unions and Community Activists?

The Blaze had reported about former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America. The Business Insider has begun a transcript.

Check it out for yourself.



It makes me think of the people who are driven by this kind of emotional appeal. It can blind them so much that they would rather everyone be equally miserable than to have some better off than others, even if the others had earned their wealth honestly. There are many fallacies in his speech but so little time so I will just end with a quote from Ludwig von Mises.

“To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.” 

Its a pity...