Hayek vs Keynes Rap Producers on Freedom Watch 12/21/10
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@00maharum00ma By GDP, Brazil is 800% poorer than the USA with 2/3 the population. Brazil has 12 times more people than Chile.
Chile has increasingly assumed regional and international leadership roles befitting its status as a stable, democratic nation. Sound economic policies, maintained consistently since the 1980s, have contributed to steady growth, reduced poverty rates by over half, and have helped secure the country's commitment to democratic and representative government.
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You didn't say per capita. You said richest country, by which I assume you meant biggest GDP, which is Brazil.
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@00maharum00ma From Wikipedia, "List of South American countries by GDP (PPP) per capita," Brazil is 5th; Chile is 1st.
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@tiagovq Use math. Show me empirical research supporting New Deal economics.
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@WilliamHollender Use math. Show me empirical research supporting New Deal economics.
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Brazil is the richest country in South America.
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Keynes was a fraud. He died broke and economists at the time proved his theories don't work. You can't be bias if the side you support works and the other doesn't.
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"soviet style central planning".... ugh the Fox Propaganda machine strikes again... whether or not you agree with keynes's theories, you have to admit this guy is a bullshit artist. though i did love the keynes vs. hayek rap battle
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@tifforo1 - Excellent point. And do you really think that it is fair to portray Keynes as drinking at the bar all night? Can't be any bias in that, can there?
@dnlbrm - You may not have heard of him, but unfortunately Reagan did. Reagan, Bush 1, and Bush 2 collectively gave us near 0 Per Capita GDP growth over 22 years following his principles.
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My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. See website: sites.google.com/site/wapshott
keyneshayek/ Nicholas Wapshott
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Those actually aren't unavoidable consequences; they would only follow if brutal suppression of dissent was beneficial to society. Of course, the problem is usually that the people deciding what's best for society are biased and self-serving, which is what democracy is for (so that you have lots of different competing biases rather than one controlling one).
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Keynes was actually a stern critic of Marxism and of Lenin.
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@tifforo1 Totally agree man. He must be like "should I sell my soul for hits?" haha. Friggin Fox
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Who is this Hayek guy? Never heard of him.
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IF you are for Hayek and Austrian economics, then you should read Simple Wealth by Andrew Costello. It's on Amazon, and will change the way you view the world.
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Keynes is silly sucker
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"The biggest fight today in economics is based on the theories of two long dead economists..."
I just thought this was the most hilarious statement to start out with
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Facepalm
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ludwig van meises anyone?
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“Once you admit that the individual is merely a means to serve the ends of a higher entity called society or the nation, most of those features of totalitarian regimes which horrify us follow of necessity. From the collectivist standpoint, intolerance and brutal suppression of dissent, the complete disregard of the life and happiness of the individual, are essential and unavoidable consequences of this basic premise;
Austrian Economist- Friedrich A. Hayek (1899-1992)
ill318 1 year ago 6
Maybe I'm imagining it, but I can almost see the rap video creators' inner conflict between letting the host agree with them and pointing out the inaccuracy and irony of the host saying both sides should be portrayed fairly while comparing Keynesianism to the Soviet Union. It's like, "should we let this guy praise us at the cost of letting him twist what we say to suit his propoganda?"
tifforo1 9 months ago 3