Keynes and Hayek - The Boom and the Bust

Here are a couple of tasty treats explaining economics in a more palatable manner. John Maynard Keynes was a British economist who worked toward minimizing the negative impacts of recessions and depressions. Friedrich August von Hayek was an economist who thought that markets should be free, rather than to sustain the state. Hayek felt that application of Keynes's policies would give too much power to the state and would lead to socialism. Gee, ya think?