Gerald O’Driscoll explains the significance of the Hayek vs Keynes debate of 1932 for today. Quotable:
“Is all spending equally productive, or should government policies aim to simulate private investment? If the latter, then Mr. Obama is following in FDR’s footsteps and impeding recovery. He does so by demonizing business and creating regime uncertainty through . . . → Read More: Hayek vs Keynes in the Wall Street Journal