Monday, January 25, 2010

F. A. Hayek vs. John Maynard Keynes: Boom or Bust it's the Animal Spirit

Sustainable means that there are no busts, no booms, just a steady state of progress, so I'll side with Hayek. Save your money, spend when it's smart, the cost of printing money is just too high.

Question: if each person was born with zero money, where would they get the resources to survive?