Keynes + Hayek
These two giants may have disagreed, but they had a lively dialogue until Keynes death. The page promotes dialogue. Enough of competing monologues.
30/03/2020
Hayek fears summed up with this New York Times headline
https://www.nytimes.com/2020/03/30/world/europe/coronavirus-governments-power.html?action=click&module=Spotlight&pgtype=Homepage
For Autocrats, and Others, Coronavirus Is a Chance to Grab Even More Power Leaders around the world have passed emergency decrees and legislation expanding their reach during the pandemic. Will they ever relinquish them?
22/03/2020
What Would Keynes Say Now? | by Robert Skidelsky One hopes that governments will not have to choose between higher prices and increased taxes to finance efforts to combat the COVID-19 pandemic. But it’s not too early for policymakers to start thinking about how to pay for this particular war.
17/02/2016
The new Minneapolis Fed President is saying things that our two icons would both approve, for different reasons. It sure seems that bipartisan policy is possible if one can find different philosophical reasons for promoting the common good. Plus this fits with the ideas proposed in _The Bankers New Clothes_.
http://thehill.com/policy/finance/269522-fed-official-bank-break-ups-necessary-to-avoid-future-bailouts
Fed official: Bank break-ups necessary to avoid future bailouts A top Federal Reserve official believes Congress should consider breaking up the nation’s largest banks, before the need for another bailout arises.
11/06/2015
Both our heroes would be appalled by the failure to restructure banking in the wake of the financial crisis. They might not agree about how to regulate, but I can't believe either of them would accept the TBTF concept. We can't hear from them - barring a sixth sense - but we ought to do more to promote new ideas. I'm finally getting around to this book , _The Banker's New Clothes_.
http://www.amazon.com/The-Bankers-New-Clothes-Banking/dp/0691156840
The Bankers' New Clothes: What's Wrong with Banking and What to Do about It What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the...