Fight of the Century: Keynes vs Hayek Round Two

These Hayek – Keynes videos are hilarious (hat tip Barry Ritholtz). This one is called "Fight of the Century" – sort of like Marvelous Marvin Hagler against Sugar Ray Leonard. I guess it’s supposed to be about duelling economic philosophies in the face of global economic turbulence.

Enjoy.

Watch for the Bernanke look alike (who is actually the video’s producer) yukking it up with a bunch of fat cats at the poker table just after the 5 minute mark. Pretty funny, all around. Of course, it was produced by economists aligned with von Hayek, so watch it with that in mind. I think it does a good job of presenting both sides though.

P.S.: Here is he first video in case you missed it. It’s called "Fear the Boom and Bust".

P.P.S – Here’s the Wikipedia entry for the real fight of the century.