Supply & Demand: A Thug Story

[UltimateBesties]

bad at rapping but good video!

[geoedwar84]

Fake.

[brae2106]

This is good stuff.

[WinChicken]

racist!!! ;) 

[boettkemp]

Bone Thugs N' Harmony's "Thuggish Ruggish Bone" comes up in the related videos...so this is a plus, duh. And @jrgenkratz....research the people in the video they are Austrians to various degrees.

[rubyruff94]

he's really bad at rapping hahaha but good vide

[RCIAuctionsFL]

I deal in auctions and Free markets make it fun. Some Items do really well others just do ok. I find it interesting how some thought to be worthless items do so well just due the the current demand. There are always people looking for a black markets making deals on the side and these people hurt every one in the long run.

[Sally0h]

Love this -- thank you!

[juliaisafilmbuff123]

"Supply and demand explains EVERYTHING!!!" Hahahahah, oh college econ...

[ill318]

“Once you admit that the individual is merely a means to serve the ends of a higher entity called society or the nation, most of those features of totalitarian regimes which horrify us follow of necessity. From the collectivist standpoint, intolerance and brutal suppression of dissent, the complete disregard of the life and happiness of the individual, are essential and unavoidable consequences of this basic premise; F a Hayek -road to serfdom

[liberaustrian]

@ill318 It sucks that youtube thinks that I only have one thumb to vote with. I have two! and I would give your comment both of my thumbs up if I could...

[octothorn]

I approve of this amusing and true video.

[WiilliamFreeland]

@whoo689 Be sure to ignore all empirical studies that verify libertarian conclusions or show government's systematic failings, the number of tenured econ faculty that self-describe as libertarians (including many top 20 schools), or the noble prizes of Hayek-Buchanan-Friedman-V.Smit­­h, who all self-describe as libertarians. I recommend trivializing all of their contributions Totally straw main libertarianism and act like all there is supporting it is glib rap videos. That should do the trick.

[whoo689]

economics by simply writing an anti-government, libertarian-leaning screed with a few economic concepts and historical references sprinkled here and there, as guys like F.A. Hayek, Rothbard and von Mises did so frequently.

[WiilliamFreeland]

@whoo689 Keep commenting. I bet you can't do 20 more in the next two hours. Go:

[whoo689]

I find it hilarious how so many youngster libertarians, many of whom think it's "hip" or "cool" to be of that mindset, think they're SOO MUCH SMARTER than economists who are in their 40s or 50s who've been dealing with data and doing extensive research on various economic issues FOR DECADES.

Yeah, right... You're so full of crap your eyes are starting to turn brown. Have ANY of you even read a single empirical journal article in economics? To think that you can debunk most of 'mainstream'

[dudestopnow]

@whoo689 Great counter-argument, brosef. Keep on yelling.

[VoluntaryConsequence]

@whoo689 Mainstream economics agree with all of the principles of economics. Policy making is altering incentives to target specific goals. There is a reason that legislation is needed to alter behavior.

[whoo689]

They just look at a few data points or historical 'examples' to 'prove' their case and say, "Aha! See? I told you so!"

[whoo689]

Where are all the big, empirical studies PROVING anything Austrian economics has said in a comprehensive or substantial manner? I have yet to find em! Maybe a FEW journal articles come close, but they still have a long way to go.

Oh, wait... That's right! Most Austrian "economists" are morons who probably didn't take a single Stat course in college, let alone Poli-Sci Research Methods, and therefore have NO IDEA how to do empirical research to back up their claims.

[whoo689]

And sometimes privatization fucks up. Well, oftentimes, really

Yeah, claim that drug dealers "know more about" economics than Ivy League economists who've ACTUALLY DONE STUDIES ON THE MATTER. With data and rigorous analysis

Am I the only one here who sees how idiotic such a statement is??

[whoo689]

I used to be a simpleton libertarian and Austrian thinker like most of you at one point. Then I got my ass, did some REAL research (you know, the kind done in EMPIRICAL JOURNALS and whathaveyou), and I realized, "Hey, this is bullshit! The facts just don't support this nonsense. Government isn't ALWAYS inefficient or bad."

[whoo689]

A totally uncoordinated group of individuals and organizations in a TOTALLY RANDOM MANNER can somehow ALWAYS "do the right thing" or "make the right choice" for society and the econ. in the end. Look, I'm certainly no anticapitalist, but market failure DOES HAPPEN! Monopolies DO rise naturally sometimes. Trusts do occur.

Econ 101? No, "Market Fundamentalism 101" is more like it

[kebeck89]

Fantastic video - the fact that this is student-created is a definite plus; other students can relate as they learn and are inspired by economic ideas!

[whoo689]

Nice libertarian propaganda. Lol

"Don't blame the market"

Yes... because it's "perfect" and never FAILS, not even once. ROFLcopter

[martyc49]

Economic basics for everyone!

[GrgOrwell]

Econ-101 Supply and Demand side of economics. The Sad Part of it all Your Local Drug Dealer has a better working understanding of this concept then any of Ivy League Economist in Pres. Obama economics recovery panel can ever grasp

[quesadillacream]

This is terrible. sorry.

[HomelessOnline]

Love, love, LOVE IT! If you came here looking for raps about ho's, b1tches, guns, and n1ggas, though, try turning on the TV.

[theunseen76]

Great video!!!!

[boettkemp]

Who knew all the ladies were into Austrian Econ, got to re-think some life choices now.

[jrgenkratz]

@boettkemp I didn't see or hear anything particularly Austrian in this video. It all seemed liked standard mainstream neoclassical economics.

[theunseen76]

@jrgenkratz check out the lyrics: market process, achieving coordination, govt destroying coordination are all more closer to austrian economics than the standard neoclassical economics. And they use murray rothbard as "econ 101" in the end and chuck the textbooks of paul Samuelson

[Malthus0]

@jrgenkratz Evidence for Austrian interpretation: 0:24 ''spontinatity'' aka Hayekian spontanours order - 0:27 ''market process'' - 0:36 ''acheving coordination'' aka Hayek's economics as a coordination problem - 0:48 ''producers calculating'' Mises's economic calculation concept - 1:48 books by 'austrian' Edward Stringham - 2:34 Rothbards Man Economy & State.

[jrgenkratz]

@Malthus0 Thanks for that. I missed some of those points. I guess there's some Austrian stuff in there afterall.

[Malthus0]

lol Russ Roberts @ 1:30

[ozkaa]

out of this world gay.

[Jeefrs]

This turned me communist

[shotsky94]

@Jeefrs lmfao....

[kowsosoft]

This is literally the worst thing ever created on the internet.

[WiilliamFreeland]

@kowsosoft Google "tub girl", "goatse", and "2 girls 1 cup". Then look up the word "literally" in a dictionary. Then get back to us. That is all.

[ridaderek]

damn it, i had a video that was so much better, i just missed the deadline cuz i actually have to study for finals

[TheMegasaurusrex]

Man, I wish Man, Economy, and State were my ECON:101 textbook!

[WiilliamFreeland]

@GeorgeOughtToRemix Yes. I can personally vouch for this.

[WiilliamFreeland]

This is awesome. Love it. I like the sudden proliferation of free market/econ rap videos, but it's time for some genre diversity. How about some dub-step? I think a remix is in order ; )

[0tropicsunsett]

love the party scenes!

[Clint7981]

Wow, this is awesome!

[boristhepython]

This is horrible; however, factually accurate

[juanmisimo]

nice try

[TheMarksmenCat]

whitey can't rap, yo'