Tuesday, December 8, 2009

Austrian vs Keynesian Economics Explained in simple terms

Keynesian vs Austrian Economics Explained is an Entry for the Fraser Institute Student Video Contest of 2009 under the title "Letting Be"
"Letting Be", creatively examines the question "What is the appropriate role of government in the economy?"
Presented in this video are two of the main competing economic theories of our time, one founded on the concept of government intervention, the other on the principle of economic freedom.
A special focus is placed on illustrating how our lives are severely affected by the choice between the two.

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