Hayek and Keynes Clash: Fiscal Policies Key to Overcoming Financial Instability.
The article discusses how economists Hayek and Keynes have different ideas about how financial markets can cause economic instability. Hayek focuses on money in capitalist economies, while Keynes emphasizes the effects of debts on economic activity. They disagree on how to address financial instability, with Keynes advocating for fiscal policies and regulation, while Hayek opposes wage cuts.