26 September 2011

Hayek on Keynes

The issue I have is that Keynesian economics undermined the ability of trade unions to maintain constant wages for workers by manipulating the currency value once the gold standard was abandoned. What puzzles me further is the support for political parties and candidates by union workers despite those politicians' support for continued Keynesian economics. If someone were attempting to steal from me, and I knew about it, I would make efforts to abate the theft.



Hayek on Keynes - YouTube

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