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House of Commons: Keynes vs. Hayek

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Published on Sep 18, 2012

During an Infrastructure (Financial Assistance) Bill on 18th September 2012, where Danny Alexander hails a £50bn infrastructure fund that will be used to supposedly help build "up to 70,000 homes" and create "around 140,000" construction jobs', Tory MP Bill Cash questions Socialist MP Rachel Reeves on whether she is aware of the consequences of pursing pure Keynesianism and not taking into account the arguments of Hayek. Then later, another Socialist MP Kelvin Hopkins makes dumb and pathetic excuses and says the government/taxpayer is needed to "restore demand".

Keynes Hayek: The Clash That Defined Modern Economics
http://www.amazon.co.uk/Keynes-Hayek-...

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