Keynes vs Hayek: should the state steer the economy?

When markets collapse and men starve idle, the state must spend to fill the gap—for in the long run, we are all dead.

And in the short run your spending distorts the prices that tell men where to work; you would plan a road to serfdom paved with good intentions.

No serfdom in a paycheck, Friedrich—demand builds the confidence your invisible hand keeps fumbling in a crisis.

That confidence is borrowed, Maynard; you cure today's fever with tomorrow's poison and call the patient saved.