Monday, February 01, 2010

"Fear the Boom and Bust", a Hayek vs. Keynes Rap Battle

Hilarious and amazingly information-packed rap video from EconStories:  http://www.econstories.tv/

"In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a 'boom and bust' cycle in modern economies and good reason to fear it."



Cameo appearance by Mike Munger as the limo driver at 1:11!

Update: Related links

An interesting article about this video and the debate between J.M. Keynes and F.A. Hayek is posted at The Ludwig von Mises Institute website: The Brilliance of That Hayek vs. Keynes Rap by Jeffrey Tucker.

A recent Rasmussen Reports survey reveals that most Americans reject Keynesian economics: Americans Reject Keynesian Economics.

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