2min chapter

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Back To The Future - Tyler Cowen

The Joe Walker Podcast

CHAPTER

Keynesianism and Friedrich Hayek

Keynes to me is one of the greatest economists of all time. I think a lot of modern economists overrate Keynesianism and indeed don't even understand or know what Keynes actually said. What's something that Friedrich Hayek got very wrong? Oh, well, there's again a long list. His predictions enroad to serfdom that parts of the West through nationalization would become non-democratic were quite wrong.

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