Keynes vs Friedman – What is the Mix Today?
The two opposed versions of the economy may be epitomized (albeit simplistically) by the visions of Keynes and Friedman. The state and regulations versus a deregulated and shock-therapy philosophy. According to the Wikipedia: “Keynesian economics argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and, therefore, advocates active policy responses by the public … More Keynes vs Friedman – What is the Mix Today?