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Reality Check: The Great Economic Debate, Keynes vs. Hayek

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Uploaded by on Jan 25, 2012

Ben Swann covers the facts. Hopefully this will help people understand the battle of ideologies that is happening in the U.S.

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  • Oh my god. The stimulus was made up of billions in tax cuts, which is WIDELY known to have less of a multiplier effect, especially when the economy is deleveraging.

  • how do you dislike facts?

  • romney has NOTHING with austrian or hayekien ^^ to do.

    he is a goverment spender at its finest - idiots

  • Hayekianism sounds like corporatism to me, especially if it's Romney's chosen economic theory, not to be confused with Austrian economics, something espoused by Ron Paul. A lot of people claim to be capitalists and Austrian economists, but in fact they're just Keynesian light.

  • This guy is really good. It's too bad that every news market doesn't have someone to do stories like this where the viewer actually learn something. I think Ron Paul would have made for a better soundbite for the Hayek side of the argument.

  • The only thing they're debating in congress is who can more quickly implement Keynes' rinky-dink, economic-suicide process

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