hayek vs keynes. la pelea del siglo

8/12/2019 Hayek vs Keynes. La Pelea Del Siglo

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HAYEK vs. KEYNES: LA PELEA DEL SIGLO

Vdeo original: Fight of the Century: Keynes vs. Hayek Round Two: http://e onstories.tvTradu i!n y su"ttulos: #artido $i"eral $i"ertario de %rgentina y anar o apitalista. o&

CH%'R(%): $adies and *entle&en. (e&"ersof the Co&&ittee. +e,re here today to onsiderthe i&pa t of govern&ent spending on oure ono&y. +e are fortunate to have two world-renowned e ono&ists to offer their testi&onyon the &atter.

K ) 0: Here we are1 pea e out2 greatre ession thanks to &e3 as you see3 we4re not ina depression. Re overy3 destiny if you follow&y lesson. $ord Keynes3 here ' o&e3 line up

for the pro ession. H% K: +e "rought out the shovels "ut we4restill in a dit h1 %nd still digging. don4t youthink that it4s ti&e for a swit h1 Fro& that hairof the dog. Friend3 the party is over. The longrun is here. 't4s ti&e to get so"er2

K ) 0: %re you kidding5 &y ure works perfe tly fine1 have a look3 the great re ession

ended "a k in 467. ' deserve redit. Thingswould have "een worse. %ll the esti&ates proveit8'4ll 9uote hapter and verse.

H% K: ono&etri ians3 they4re ever so pious %re they doing real s ien e or onfir&ingtheir "ias5 Their Keynesian; &odels are tidyand neat. . sta&os a9u hoy para onsiderar eli&pa to del gasto del go"ierno en nuestrae ono&a. Tene&os la fortuna de ontar on dose ono&istas de reno&"re &undial 9ue nosdar?n su opini!n so"re este asunto.

K ) 0: %9u esta&os3 adi!s gran re esi!n.*ra ias a & o&o ven3 no esta&os en unadepresi!n. $a re upera i!n es el destino sisigues &is ense@anAas. $ord Keynes3 a9u estoy3

Bseguid&e todos2

H% K: Tra i&os palas pero aDn esta&os enuna Aan a. segui&os avando. E)o piensas9ue ya es hora de a&"iar5


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K ) 0: +e ould have done "etter3 had weonly spent &ore. Too "ad that only happenswhen there4s a +orld +ar. ou an arp all youwant a"out stats and regression. =o you deny+orld +ar '' ut short the =epression5

H% K: +ow. Jne data point and you4re u&ping for oy. The $ast ti&e ' he ked3 warsonly destroy. There was no &ultiplier3onsu&ption ust shrank as we used s ar e

resour es for every new tank. #retty perverse toall that prosperity: rationed &eat3 Rationed

"utter1 a life of austerity. +hen that warspending ended your friends ried disaster3 yetthe e ono&y thrived and grew ever faster.

K ) 0: ou too only see what you want tosee. The spending on war learly goosed *=#.Lne&ploy&ent was over3 al&ost down to Aero.That4s why '4& the &aster3 that4s why '4& thehero.

H% K: Creating e&ploy&ent4s astraigtforward raft when the nation4s at warand there4s a draft. 'f every worker was staffedin the ar&y and fleet we4d "e at fulle&ploy&ent with nothing to eat. R FR%')

H% K: Mo"s are the &eans3 not the ends inthe&selves people work to live "etter3 to putfood on the shelves. Real growth &eans

produ tion of what people de&and. That4sentrepreneurship not your entral plan.

K ) 0: (y solution is si&ple and easy tohandle. 'ts spending that &atters3 why4s thatsu h a s andal5 The &oney sloshes through the

pipes and the slui es revitaliAing the e ono&y4s ui es. 't4s ust like an engine that4s stalled andgone dark. To "ring it to life3 we need a 9ui kspark. 0pending4s the life "lood that gets theflow going. +here it goes5 doesn4t &atter3

ustget spending flowing.

K ) 0: #odra&os ha"erlo he ho &e or sisi&ple&ente hu"i>ra&os gastado &?s. $?sti&a9ue eso s!lo su eda uando hay una guerra&undial. #uedes 9ue arte todo lo 9ue 9uieras deestadsti as y regresiones. E)iegas 9ue la0egunda *uerra (undial a a"! on la=epresi!n5

H% K: B+ow2 Ln he ho on reto y das saltosde alegra. $a Dlti&a veA 9ue lo o&pro"> lasguerras s!lo destruan. )o hu"o ningDn&ultipli ador: el onsu&o si&ple&ente seontra o onfor&e us?"a&os &?s re ursos

es asos para ha er nuevos tan9ues. s "astante perverso lla&ar a eso prosperidad : arnera ionada3 &ante9uilla ra ionada... una vida deausteridad. Cuando se ter&in! de gastar en laguerra tus a&igos gritaron: B=esastre2. 0ine&"argo la e ono&a se so"repuso y re i! &?sr?pido.

K ) 0: TD ta&"i>n ves lo 9ue 9uieres ver.*astar en la guerra lara&ente i&puls! el #'r ito y la ar&ada3 tendra&os plenoe&pleo y nada para o&er.

0TR'


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H% K: ou see sla k in so&e se tors as ageneral glut;.


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K ) 0: ou get on your high horse andyou4re off to the ra es. ' look at the world on aase "y ase "asis. +hen people are suffering 'roll up &y sleeves. %nd do what ' an to ureour disease. The future4s un ertain3 our outlooksare frail. Thats why free &arkets are so prone tofail. 'n a volatile world we need &oredis retion. 0o state intervention an ounterdepression.

H% K: #eople aren4t hess&en you an &oveon a "oard at your whi&Ntheir drea&s anddesires ignored. +ith politi al in entives3dis retion4s a oke. The dials you4re twisting1are ust &irrors and s&oke. +e need sta"le rulesand real &arket pri es so prosperity e&ergesand uts short the risis. 0o give as a han e sowe an dis over the &ost valua"le ways toserve one another.

R FR%')

K ) 0: Te su"es a tu a"allo Ote &uestrasarroganteP y te vas a las arreras. o o"servo el&undo aso por aso. Cuando la gente sufre &earre&ango. hago lo 9ue puedo para urarnuestra enfer&edad. l futuro es in ierto3nuestras previsiones son fr?giles. #or eso los&er ados li"res son tan pro lives a fallar. n un&undo vol?til ne esita&os &?s sensateA. %s lainterven i!n estatal puede ontrarrestar ladepresi!n.

H% K: $as personas no son pieAas de a edreA9ue puedas &over en un ta"lero a tu apri ho3ignorando sus sue@os y deseos.

hayek vs keynes. la pelea del siglo

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