KEYNES: You’ve been on your high horse and you are off to the the races. I look at the world on a case-by-case basis. When people are suffering I roll up my sleeves and do what I can to cure our disease. The future’s uncertain, our outlooks are frail. That’s why markets are so prone to fail. In a volatile world we need more discretion so state intervention can counter depression.
HAYEK: People aren’t chess men you move on a board at your whim, their dreams and desires ignored. With political incentives, discretion’s a joke. Those dials are twisting – just mirrors and smoke. We need stable rules and real market prices so prosperity emerges and cuts short the crisis. Give us a chance so we can discover the most valuable ways to serve one another.