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

Go to http://econstories.tv for EconStories content and materials.

Produced by Emergent Order. Visit us at http://emergentorder.com.

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://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

[trygvb]

You don't make money and become more successful by taking out loans and paying tons of interest. That makes your position sound simply idiotic. If you can become successful by taking out loans, why don't you do that, or China, or any others country today that is lending to us.

[trygvb]

I'm not going to base all my opinions off of one documentary. In this modern era, the USA is only allowed to borrow so much because the dollar is the reserve currency and countries continue to use it. But how did we become so economically dominate? It's because we were a CREDITOR nation up until a bit after WWll. We were the dominate nation. Only until we became a DEBTOR nation is when you see the US falling in the ranks economically. Now more free countries like Singapore are rising.

[VanaeCavae]

The ability to borrow money give the West the Edge over all other Rivals. Look at USA. Since day one of of Independence, America has debt. look it up on the internet. Debt is not new. But the size of it is new. You should watch this chinese documentary called The Rise of the Great Powers. There are english subtitles and it is available on youtube. It explains,besides technology, how the Western Banking system and the ability to borrow money gave the West an edge.

[trygvb]

The West didnt rise economically because of the ability to borrow. That statement is just absurd.

[clara9300]

why can't all of our lessons be explained like that. i would love studying

[ProjectD13X]

You and I both, good luck

[Malthus0]

"the subjugation of Africa started before the industrial revolution" You mean the Portuguese trading posts? The Dutch colony in the cape? All that stuff is peripheral literally. It was only with the Victorian explorers that Africa could be properly subjugated. Only with railways, telegraph & steam gunboats that the inland Areas could be controlled. Basically I am talking about the British expansion in south Africa & the scramble for Africa by the European powers.

[themurph888]

Well the british East india company was not founded untillafter 1600 around 1612ish but was trading with india before that under individuals who merged together to strenthen, Britan didn't need to fight central africa they enslaved more of their own people then the british ever did, though it was mainly british gold paying for them. The wealth came from fighting spain in the colonies and and trading iron coal wool and steel to europe and asia, The british also raided and pilaged towns and cities

[themurph888]

Should we not all blame adam smith for economics he first wrote comprehensively about it if he did not who knows where we would be now