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

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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://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

Category:

News & Politics

Tags:

• Economics
• Macroeconomics
• John Maynard Keynes
• Friedrich August Von Hayek
• F. A. Hayek
• Keynesianism
• Austrian Business Cycle Theory
• Stimulus
• Bailouts
• Payoffs
• The Federal Reserve
• Ben Bernanke
• Timothy Geithner
• Alan Greenspan
• The Great Depression
• The Great Recession
• Unemployment
• Sticky Wages
• Liquidity Trap
• Capital Structure
• Monetary Policy
• Money and Banking
• Interest Rates
• Digging Ditches
• War
• Pyramids
• Credit
• Government Spending
• Deficits
• Debt
• Canon
• 7D

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[TessaAni]

@TheMadCrumpet You're quite obviously not understanding my point. I'm not talking about who's right/who's wrong/who's biased (although if you wanna get onto that the videos if you watch them properly agree that they're biased towards Keynes (left wing)). I'm merely commenting that the video isn't wrong, its merely an educatory tool.

[TessaAni]

@mtb416 that may well be true to be fair, although its understandable that teachers would be left-leaning. But I agree, I think Hayek can in many instances get a bad name, and I think its important to learn all sides of the argument otherwise things become a religion.

[mtb416]

@TessaAni I agree that both men were geniuses and had very worthy points, but the difference lies in how Hayek is demonized by educational institutions. It's quite obvious that our educational system has been overrun by left-leaning teachers that are very willing to push students to the left end of the political spectrum. 

[mtb416]

@TheMadCrumpet Are you kidding me? Was this a college or high school class?

[mtb416]

Smartest rap ever created. Period.

[TheMadCrumpet]

@TessaAni Durning my history class they put up a picture of Capitalism and Socialism. The picture of socialism had a smiling sun, a bunch of happy workers, and a sad fat cat banker. For the Picture of Capitalism there was storm clouds, sad tired workers and a fat, rich banker.

Tell me that is not trying to send subliminal messages. I could go on and on about all the other BS they taught me. My history teacher only had sublime things to say about FDR. There is clearly a bias.

[TessaAni]

@TheMadCrumpet I don't deny that, what I'm saying is its not the video.. they're just giving us the views of both of the economists. I don't think they're saying either are right, although you know, the argument is a bit more complicated than either of us are making out.. But all the videos doing is educating us.

[TheMadCrumpet]

@TessaAni If the were to be believed, the last 80 years has been amazing, and that's pure fiction. We've suffered two great depressions in the last 80 years, while suffering zero prior to that. Not to mention the recessions of the pre 1930 era were in fact short lived and the growth afterward was extremely fast. Accounting just for the debt accumulated, and the devaluation of the currency, America is not only bankrupt, but radically worse off than at any other time in its history.