Archive for February 4th, 2010

A primer on macroeconomics

Thursday, February 4th, 2010

The introductory macroeconomics course that I took a couple of decades ago didn’t stick with me very long. I don’t know if the role of government should be to steer markets or to set them free. As even the Conservative government tries to spend our way out of the current recession, I am torn between believing that stimulating the economy is a good thing vs. the fear that we are digging ourselves into too much debt. I thought that this YouTube clip – of Keynes and Hayek partying and debating economics – was an entertaining way to waste 7 1/2 minutes while brushing up on economic theory.