Hayek's Gift

[wgmyler]

Dang. I waited too long & all the mediums are sold out. Could you please make more mediums?

[thesupremevidwatcher]

They should have a video where Hayek starves himself to death while he waits for aggregate supply to shift.

[cucucachu0000]

Make more videos!

[ROFLCOPTER1909]

I was so excited for those t-shirts but shipping to the UK is $42, and that just doesn't maximise my marginal utility :(

[ROFLCOPTER1909]

I Hayek EconStories.

[derekeano]

I love that this video says that even though Hayek and Keynes are opposing economists in their view points they can sit down and have dinner together. This is a lesson in setting aside differences that I wish more people practiced. It's all right to disagree and still get along with one another!

[BrainManAllen]

Just this once....you shouldn't have.

[CrushTheCapitalism]

Haha the end is huge. I would sure send a t-shirt like that to my father ^^

[hazeee123]

I wish they accepted Bitcoins, I'd buy a shirt!

[vigilantpursuit]

all the swag's kind of biased towards hayek. i'd love to see some keynes gear too.

[MEIZimm]

@vigilantpursuit There's a reason for that, y'know. Hayek's generally presented as the correct, but socially awkward one while Keynes is the popular guy who makes dumb decisions. Which is a fairly accurate portrayal, actually...

[vigilantpursuit]

@MEIZimm oh god. i KNOW i'm going to start a shitstorm. but keynes was a smart guy too; you can't say he made dumb decisions. the dude came up with macroeconomics for god's sake. milton friedman had great things to say about keynes. i'm not saying i support him, but all there's too much undue bias against keynes. all i'm saying is that things should be balanced.

[toshzpelta]

@vigilantpursuit No argument, here :-)

[ROFLCOPTER1909]

@vigilantpursuit We're all Keynesians now?

[NJpanther05]

will there be a third music video?

[crazypants88]

@NJpanther05 I've heard they're working on a third one.

[Altaranalt]

I missed these guys.

[thejoolien]

I will only buy your shirt if you make another ROUND!

[nrekk]

"a small contribution from yours truly to aggregate demand"

absolutely loved this sarcasm

[DanielFloresAlvarez]

Is there any chart so that i can see what size fits?

[hardrocker3825]

Love the stash fellas!

[Jamesthedemocrat13]

Anyone notice the theme from fight of the century is the background music

[Cineenvenordquist]

I KEYNES (CANS) ECON sounds like a lolcats spin, whereas I HAYEK ECON sounds like an awkward, reaching (command-elliptical?) take on I HACK ECON. Would I really be proud to wear this at DAVOS?

[Kanner111]

So Keynes is being blames for deregulation while Hayek is landed with 'expansionary austerity' and the confidence fairy.

And Princess Leia is a galactic terrorist who blows up planets!

[johnpapola]

@Kanner111 Which deregulation are you claiming we have blamed on Keynes, exactly? I’m curious.

[Jaygull]

Why do these videos imply that it was Keynesian economics that caused and perpetuated the global financial crisis, when it was rather Hayekian neoliberalism in the Thatcher/Reagan era; in fact, it's probably the endorsement of individualism and negative liberty that Hayek actually advocates that has splintered our social and economic structures.

[libertyplayground]

@Jaygull Cause Reagan and Thatcher just cut spending soooo much!

[spark300c]

@Jaygull bail outs, they knew they were getting them. Plus they were rigging the market and prevent a free market from happening. Keynesian too easily encourage crony capitalism. 1920 was also era of corruption. before the great depression there was another depression but since government did not intervene it last only six years. the great depression lasted 15 years due to government intervention.

[Panpiper]

@spark300c If you are referring to the crash of 1920, it lasted less than two years.

[Panpiper]

@Jaygull I see, so you would maintain that the growth of government financed with deficit spending that happened in the 1980's somehow caused the crash of 2008. Admittedly the debt accrued during that period did have a small amount of effect. But these crashes are for the most part the result of of an equilibrium mismatch in the supply and demand for true savings caused by government mandated central planners 'setting' the price for capital below it's equilibrium point.

[lutschauto23]

will you ship to germany?

[rjcornett89]

That restaurant has good music.

[Destinyman50]

This series can never end!

[rumplestiltskein]

I would so do the guy who is Hayek...

[LokiScoutSniper]

Ah the money flows like the wine.

[AnthonyDHDR]

I LOVE YOU GUYS!

[derekuli]

Keynes reminds me of today's Krugman and his blog. :)

[Panpiper]

@derekuli I was in the audience at a speech Krugman gave a few years ago in which he proudly proclaimed, "Keynes is my hero." You do not get more Keynesian than Krugman.

[TigerbythetailFilms]

"Keynesiansims" - you may want to fix this keyword :)

[spamdude1]

"I Hayek Econ"? Is there a play on words that I'm missing there?

[Andronichuk]

A waiter in a restaurant brings over a wine glass and fills it halfway up.

The optimist thinks the glass is half-full.

The pessimist thinks the glass is half-empty.

The Austrian economist thinks the restaurant industry has malinvested its capital into oversized glassware, probably caused by the Fed.

[gotja]

@Andronichuk so monetary policy caused oversized glassware problems? lol..

[map543211]

@Andronichuk no the Austrian economist knows to go down the street because any the restaurant who would skimp on one thing are the same that will skimp on everything never a good meal believe me I know...enjoy your wine:)

[jmwaters76]

Where have you been all of my life? Great stuff'

[KTougaw]

I wonder what utility I will receive from a t shirt that only other economics nerds will get.

[Panpiper]

@KTougaw Maybe meet and befriend an economist nerd whom you might otherwise have never met?

[Tylerxy]

Hayek is the Rodney Dangerfield of economics, he doesn't get any respect. I respect him though.

[Luieburger]

You dirty bastards! You knew I was going to buy that shirt didn't you. You're lucky I already maxed out my donation to Ron Paul, or else I would have given him that $25 instead of you!

[xtegra2001]

Nice to see these guys still around.

[31415926585]

fantastic, as always

[iLuvSmartCars]

SWEET!! :D

[MirageScience]

Hayek found the holy grail.

[MOONDOGGIESWTF]

next week mises vs marx?

[rockandrock44]

@MOONDOGGIESWTF

Uh, that never happened...

[piprod01]

I like how Hayek's glass mysteriously refills (1:00 )after he drinks it all at (0:35)

[SomethingNothingSea]

@piprod01 ... What?

[MRSketch09]

I wonder when we will get to see something new from these guys, I mean a long video. I really liked the last video rap.

[lennonstube]

i was already for a new econ rap but i guess i have to wait for the ad to finnish! =/

[pietjleroux]

Did you guys see all that malinvestment in oversized champagne glasses caused by the Fed?

[erakus]

awesome video guys, even though this ones a commercial, I WANT ROUND THREE!!

[ma6inka]

Keep on rocking EconStories!

[karolplock]

9!

[StatelessLiberty]

I shall use my deferred consumption to buy this shirt because it is high on my value scale and I have a high time preference for feeling awesome. See what I did there?

[Rattlesnakemeuk]

Deffo gonna get one of those t-shirts for Christmas. Yeah baby!!! Capitalism rocks!

[maxinpains]

Selma Hayek has a nice RACK. That's the only greatest gift she's got.

[amyyyamy]

@StatelessLiberty love the comment

[TheCapitalistdog]

@StatelessLiberty

Your comment is the most awesome comment in all of youtube!

[danewheeler]

@StatelessLiberty Love it.

[toymation]

8th

[8w9hf89hw]

7th

[trekkerperson]

I love EconStories!

[MrConservative608]

(shaking head) "Greedy Capitalists making money in a Recession!" ( <- Sarcastic )

[TheManiacalSatanist6]

LMFAO! As usual, EconStories ROCKS!!!

[trykksverte]

Fantastic. True and sad :-/

[JonnyPxN]

wooh!

[genericnamenumbers]

A better gift would be, getting first in the comments section.