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Feb4
“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem
Filed under: Website To Download Music; Tagged as: 7D, Alan Greenspan, Austrian Business Cycle Theory, Bailouts, Ben Bernanke, Canon, Capital Structure, Credit, Debt, Deficits, Digging Ditches, Economics, F. A. Hayek, Friedrich August Von Hayek, Government Spending, Interest Rates, John Maynard Keynes, Keynesianism, Liquidity Trap, Macroeconomics, Monetary Policy, Money and Banking, Payoffs, Pyramids, Sticky Wages, Stimulus, The Federal Reserve, The Great Depression, The Great Recession, Timothy Geithner, Unemployment, war25 Comments
Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.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.
Get the full lyrics, story and free download of the song in high quality MP3 and AAC files at:
http://www.econstories.tv
Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.com
Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.
http://www.blackboard3.com**Charging Bull© Arturo DiModica, 1998
Duration : 0:7:33
25 Responses to ““Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem”
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goodgord February 4th, 2010 at 1:37 am
Word.
Word. -
tdanielran February 4th, 2010 at 1:37 am
lol my econ teacher …
lol my econ teacher showed us this vid in class
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pwnttothemax February 4th, 2010 at 1:37 am
@qehrhart haha i …
@qehrhart haha i felt geeky but proud at the same time. logic is slowly returning to the populace -
reallygonecat February 4th, 2010 at 1:37 am
Where’s Ringo?
Where’s Ringo? -
UncleJimmy2008 February 4th, 2010 at 1:37 am
**** Keynes. Hayek …
**** Keynes. Hayek rox, baybee. Obama has diss-credited Keynesian approach, and that’s straight-up word from the street dawgz.
–Adam “Invisible .45″ Smith -
superpoot1 February 4th, 2010 at 1:37 am
From a …
From a philosophical perspective, they are both wrong. -
those autotune …
those autotune harmonies from the party girls are the best… -
DaveDoggOwns February 4th, 2010 at 1:37 am
lol, no of course …
lol, no of course not. I’m too fringe to have any control over the government. -
jamez515 February 4th, 2010 at 1:37 am
that beat goes hard!
that beat goes hard! -
asmeal01 February 4th, 2010 at 1:37 am
Keynes was an …
Keynes was an ego-maniacal degenerate. -
zebadiahjones February 4th, 2010 at 1:37 am
I can’t wait to …
I can’t wait to start a bar called “The Fed.” -
qehrhart February 4th, 2010 at 1:37 am
I love it! I feel …
I love it! I feel like a massive economics geek for understanding all the jokes, but our economy is in such an awful state because the majority of America doesn’t understand this…. Sad -
rockandrock44 February 4th, 2010 at 1:37 am
It’s funny that …
It’s funny that underneath the claims of Keynes and his ‘revolution’ lies elemantary fallacies and mistakes.Just look at the ISLM curve analysis and his Marginal Efficiency of Capital doctrine. He confuses the increase in the quantity of a good demanded that takes place when prices fall with an increase in the demand for a good.
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geniusiknowit February 4th, 2010 at 1:37 am
“Part at the Fed.”
…
“Part at the Fed.”“Already?”
LOL
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henrydeanjellybean February 4th, 2010 at 1:37 am
Will you be doing …
Will you be doing any videos on the Bretton Woods conference? I really think you have peaked the interest of those previously uninterested! I will certainly be donating! -
Pandaemoni February 4th, 2010 at 1:37 am
Tax cuts do as well …
Tax cuts do as well in Keynesian theory it is just that the spending multiplier tends to be greater. If you look at the “Fiscal multiplier” entry on wikipedia it shows the algebraic values of each of several multipliers. -
13nadge February 4th, 2010 at 1:37 am
team hayek forever!
team hayek forever! -
rockandrock44 February 4th, 2010 at 1:37 am
Keynesians support …
Keynesians support government spending over tax cuts because government spending creates a supposed multiplier effect when it comes to GDP (C+I+G+(X-M)= Y) -
dryftco February 4th, 2010 at 1:37 am
This made me …
This made me realize that I am a huge economics nerd. -
trekkerperson February 4th, 2010 at 1:37 am
This vid simply …
This vid simply rocks. Hayek for the WIN! -
vladverzeni February 4th, 2010 at 1:37 am
awesome video, i’ll …
awesome video, i’ll be on hayek’s team -
Shitgrinder February 4th, 2010 at 1:37 am
Hayek 4tw!
Hayek 4tw! -
UncleJimmy2008 February 4th, 2010 at 1:37 am
This is the dopest …
This is the dopest shiznit I have ever seen. Word.
–Adam Smith -
trykksverte February 4th, 2010 at 1:37 am
I’m getting this on …
I’m getting this on MP3 and bringing it to my next Pol.Econ party. You know you’re a true nerd if this excites you. -
FletchforFreedom February 4th, 2010 at 1:37 am
I can only agree …
I can only agree with the latest comments in their entirety. When making the case that governmental economic intervention is always detrimental (and not stimulative) it is often necessary to get into these details (and dispell the myths that government can create jobs or that either domestic and military spending or abandoning the gold standard, even partialy, ended the Depression) to show that even apparent improvements are really just further detrimental distortions.
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