For decades, two opposing theories of economics have been causing heated debates — those of John Maynard Keynes and of Friedrich Hayek.

For many years, it seems that John Maynard Keynes was more influential to economic managers. Keynes was big at the role of government in influencing the economy through spending, keeping interest low, among others. Friedrich Hayek, on the other hand is best known for free market capitalism — he argues that less government intervention is best for an economy and that an economy should be allowed to take its natural cycle of boom and bust.

With all that’s going on in the world economies, the debate between Keynes vs. Hayek is alive again, and it seems that it is more heated than it ever was before. As to whose theory will be best, only history can judge that.

To learn better about Keynes vs. Hayek, here is a ingenious video about two opposing theories… and believe it or not, in MTV style! Watch it.

In my many talks & seminars, I often remind the participants that the biggest problem of the nation is poverty. While my nationalistic ego is bruised every time I talk about our national quality of life, I need to constantly remind as many as I can that this situation of ours is something we should not accept — it should be something we must rally against.

I believe that education is key in solving most of our problems … the more we educate, the better our chance to improve our lives. Of course, when I say education, it goes beyond schools and books — it’s about education in every aspect of our lives.

Another consideration we should also look at is our economic freedom. I subscribe to the belief that if there is more economic freedom, there will be greater chances for better lives. Does economic freedom actually result to a better life? Watch the video below and you be the judge.

Thanks Dennis Sy for recommending this video to me.