Keynes Vs. Hayek in the 21st Century
The two most influential and consequential economists of the 20th century find themselves part of the global battle of ideas in the 21st century. In the teeth of the COVID-19 pandemic, governments abandoned the austerity doctrine of the post Financial Crash era and pumped cash into shocked economies. Now, much of the world faces an energy crisis and rampant inflation unseen since the 1970s. The question is: what would Keynes do and would Hayek tell him not to? Who is right?