In Da Fed [With Lyrics] - An EPIC Economics Rap

[ADSKFJDSLFLJSDJFL]

When you mention the neutrality of money you make the mistake that change in MS does cause changes in real variables. Inflation debases the currency (affects nominal variables) quite obviously. However, early receivers of credit money are able to gain real wealth (through tangible goods) before the prices adjust (affects real variables). Admittedly the theory would show why monetary policy is unnecessary, but fails to show why it is dangerous. Of course sound money (market-based) is neutral.

[ADSKFJDSLFLJSDJFL]

@ADSKFJDSLFLJSDJFL Commodities that prevail in the market as a medium of exchange, money (such as gold and silver), are not subject to the redistribution effects of centrally-issued money inflation. Inflation of commodity-money is much lower and those who first receive it early deserve benefit (gold miners or silver miners) because they happen upon them by chance or work (they homestead them). The govt. or CB on the other hand uses force to increase the money supply in their own benefit.

[ADSKFJDSLFLJSDJFL]

@ADSKFJDSLFLJSDJFL While a sharp increase in a commodity-money will cause it to lose its purchasing power and thus be replaced with another good, government or CB issued currency is forced as legal tender (payment of debts) and an increase in it will lead to redistribution effects.

We should not fear market-based currency. The properties that make it easy to exchange (divisibility, fungibility, scarcity) also make it a good store of value (non-exchange characteristics are less important)

[markusgp]

You know that there´s a revolution when young people start doing rap videos about economics : ) ETF!!

[mariomoose]

I love you for doing this. Its awesome to see young people know what's going on.

[TheSergsB]

@zoetropez76 HAHAHA nope.

[ariesrapid]

Good work guys!

The rap could had been a bit thighter ;)

But big up for your effort and the message (from sweden)

[jaeLAX23]

Kind of depressing you left the last laugh to the guy who played Keynes

[jaeLAX23]

Try linking your video on both Keynes vs Hayek video thread's. You'll get more views.

That and/ include some pretty ladies!

Good work

[stevewellz]

4:26 rapping from the trunk of a car?

[TheSergsB]

@stevewellz Hellz yeah!

[TheTeam4]

I like the effort of the video, but there are some problems. You mention Milton Friedman and montarists, but the first guy was Hayek. Hayek was Austrian economist. Also, Monetarists and Keynesians are virtually the same, they both want inflation, but monetarists want monetary policy inflation through the fed and keynesians want fiscal policy inflation through the government.

[TheSergsB]

@TheTeam4 Hey man, thanks for the feedback. But you seem to be mistaken in your analysis of the subtle qualifications of this intricately woven video production where the themes of inflation and inherent growth are explored through a variety of rhetorical strategies.

LOLjk.

But watch the video again, most of your questions are answered.

[MidnaZ]

good work.proud to see ppl care more about telling how the world works then living the "life"

[skoobie93]

Did you guys write the lyrics yourselves? There's more economic knowledge in one verse of this video than a whole year of Paul Krugman columns.

[Starcraftmazter]

There's just one thing I don't understand. Why the fuck did Hayek blow up?

[MrJeanSarkozy]

Répondre à cette vidéo... because they both want him dead lol

[Krutchtacular]

Nice video, good lyrics, but the delivery could use some work.

[trekkerperson]

You guys put forth a great effort with good lyrics. Could use some refinement but who am I to criticize. You guys are actually doing something. Its really fun to see this stuff coming out. Keep up the great work. *subbed*

[TheSergsB]

@trekkerperson Thanks man! Much appreciated

[cobracarg]

so the monetarists wanted to be cool as Austrians...