Last updated 7:13AM ET
May 26, 2012
RadioActive
RadioActive
RadioActive! Jan 11 Keynes vs Hayek
(2012-01-12)
(krcl) - Over eighty years ago two great minds battled fiercely over the proper way to salvage economies in crisis. John Maynard Keynes believed government stimulus was the key. His rival, Freidrich Hayek believed the free-market would right itself if untouched by government meddling. These two economic theories are still argued passionately today by Tea Party enthusiasts and progressives alike. Jesse welcomes Nicholas Wapshott to discuss the new book Keynes Hayek: The Clash that Defined Modern Economics. © Copyright 2012, krcl