The clash between Hayek and Keynes defined modern economics. On the one hand we have Keynes's view that if investment exceeded savings, there would be inflation, but if savings exceeded inflation, there would be a recession. On the other hand Hayek presented ideas for less government initiative and for allowing people to make their own choices about economic decisions more freely. Hayek's argument on Keynes' government spending was that whether the economy should focus more on consumption or investment. The particular views of these two rivals were quite different and in many respects lay the foundation for today's great debate between the Keynesians and the so-called “Austrians”. School” of economics (O'Driscoll, 2011). Both, however, recognized somewhat opposing problems and views on the importance of combining credit and credit allocation in any serious large-scale economic examination. In 1929 Hayek indicated that a serious delay in trade was expected, as the easy monetary policy initiated by the US Federal Reserve Council of July 1927 (Bas, 2011) had continued for two years after its conclusion. This suggestion would begin Keynes' discussion of inflation as Keynes stated that the government had a lot of savings and no evidence of inflation was present. The collapse in trade was reportedly due to excessive investment in stocks and real estate. For Hayek, depression was threatened by "investment preceding saving"; for Keynes "saving before investment". (Bas, 2011) Of course, once the collapse began and intensified, predictions turned into explanations and policy recommendations, it became clear that Keynes would win this debate, especially since his ideas were much more politically acceptable than Hayek's . It was......half a paper......the product is still high because the feeling of the well-informed is that of having to pay taxes to keep everything in balance. Keynes had thought about this in the debate with Hayek, explaining that to keep everything glued together one must spend to make money. Today the government uses this same thinking throughout its decision-making process regarding lending and taxation. Hayek's point of view has not been fully pursued in today's economy, as he wanted to save with bonds and the like for the government to have a balance. While the idea of ​​having low taxes is ideal, it cannot contribute to the growing economic debt that has been placed. With taxes paid by well-informed citizens, the economy can still continue to borrow money to spend money on the safety and well-being of the people. Keynes was the theorist whose ideas we still use today.