Keynes vs Hayek

Part of understanding where we are, and where we are headed, is understanding economic systems.  The two major competing theories were promulgated by John Maynard Keynes and Fredrich Hayek of the Austrian School of Economics.  Our current administration is dominated overwhelmingly by the Keynesians. On the other hand, one of Ronald Reagan's heroes was Hayek.  (I would highly recommend the reader to Hayek's great work, The road to Serfdom). Here's a musical video that puts these economic ideas into perspective called "Fear the Boom and Bust".