{"id":7626,"date":"2011-08-03T18:31:51","date_gmt":"2011-08-03T22:31:51","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=7626"},"modified":"2012-12-26T16:40:15","modified_gmt":"2012-12-26T21:40:15","slug":"keynes-vs-hayek","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/progressive-economics\/08\/03\/keynes-vs-hayek\/","title":{"rendered":"Keynes vs Hayek"},"content":{"rendered":"<p><center><iframe loading=\"lazy\" width=\"640\" height=\"390\" src=\"http:\/\/www.youtube.com\/embed\/GTQnarzmTOc\" frameborder=\"0\" allowfullscreen><\/iframe><\/center><\/p>\n<p>A cute little video, even if it seems to strawman Keynes a bit. For those of you not familiar with Hayek, here is a <a href=\"http:\/\/en.wikipedia.org\/wiki\/Friedrich_von_Hayek\">wikipedia article<\/a>. He basically was one of the founders of the laissez-faire Austrian school now commonly associated with Ron Paul and the libertarian bunch. At the same time, he also wrote &#8220;probably nothing has done so much harm to the liberal cause as the wooden insistence of some liberals on certain rules of thumb, above all of the principle of laissez-faire capitalism.&#8221; According to Wikipedia, there is a term for the kind of limited governmental interference into the market, and that is <a href=\"http:\/\/en.wikipedia.org\/wiki\/Ordoliberalism\">ordoliberalism<\/a>. Basically in ordoliberalism, the government&#8217;s role is to set the rules by which the market can operate, and those rules should be designed to encourage competition. <\/p>\n<p><!--more--><\/p>\n<p>For more musical love letters to Hayek, please see:<\/p>\n<p><center><iframe loading=\"lazy\" width=\"640\" height=\"510\" src=\"http:\/\/www.youtube.com\/embed\/psosLpDALuA\" frameborder=\"0\" allowfullscreen><\/iframe><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A cute little video, even if it seems to strawman Keynes a bit. For those of you not familiar with Hayek, here is a wikipedia article. He basically was one of the founders of the laissez-faire Austrian school now commonly associated with Ron Paul and the libertarian bunch. At the same time, he also wrote [&hellip;]<\/p>\n","protected":false},"author":531,"featured_media":37997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Keynes vs Hayek - Prose Before Hos<\/title>\n<meta name=\"description\" content=\"A cute little video, even if it seems to strawman Keynes a bit. For those of you not familiar with Hayek, here is a wikipedia article. 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He basically was\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.prosebeforehos.com\/progressive-economics\/08\/03\/keynes-vs-hayek\/\" \/>\n<meta property=\"og:site_name\" content=\"Prose Before Hos\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-03T22:31:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-12-26T21:40:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.prosebeforehos.com\/wordpress\/wp-content\/uploads\/2012\/01\/026902.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Progressive Economics\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pbhnetwork\" \/>\n<meta name=\"twitter:site\" content=\"@pbhnetwork\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Progressive Economics\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.prosebeforehos.com\/progressive-economics\/08\/03\/keynes-vs-hayek\/\",\"url\":\"https:\/\/www.prosebeforehos.com\/progressive-economics\/08\/03\/keynes-vs-hayek\/\",\"name\":\"Keynes vs Hayek - Prose Before Hos\",\"isPartOf\":{\"@id\":\"https:\/\/www.prosebeforehos.com\/#website\"},\"datePublished\":\"2011-08-03T22:31:51+00:00\",\"dateModified\":\"2012-12-26T21:40:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.prosebeforehos.com\/#\/schema\/person\/8e8ddd9da9b67f8f3dedd70e2d1ad230\"},\"description\":\"A cute little video, even if it seems to strawman Keynes a bit. 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