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Monday, February 22, 2010

Keynes and Hayek rap "Fear the Boom and Bust"

If all lessons about economics were this entertaining, I might not have slept through most of those classes years ago...

From creative director John Papola and creative economist Russ Roberts comes "Fear the Boom and Bust", a rap song in which legendary economists John Maynard Keynes and F. A. Hayek come back to life and attend a modern-day conference on the economic crisis, but first have a night of wild party.

Here 'tis! And I was laughing pretty hard at this...

Incidentally, that video was passed along this way by good friend and fellow blogger Danny de Garcia II from the Big Island of Hawaii. And he asked me to reprint an e-mail that he sent to all of his state's legislators...

Greetings Hawaii State Legislators,

As one of the major issues facing the Legislature this session is the question of economic recovery and how to connect the dots on falling revenues, I would like to submit for your review a video which explains in a rather simple to understand and humorous fashion two different schools of economic theory, Keynes; which supports big government and big spending to "stimulate" the economy and F.A. Hayek who won the 1974 Nobel Prize for his discussion on how government manipulation/intervention affects the economy. Please take a look at this 7-minute video, I think it will be very educational as well as self explanatory ......


Very Respectfully,

Danny de Gracia

Okay Danny, done! And as you noted: "Now they have absolutely NO EXCUSE to say 'I didn't know that we impact the market' :D"


Anonymous said...

That's hilarious! But Milton Friedman could have schooled them both, in my opinion.

Danny de Gracia II said...

Lol Chris, all I need now is Laffer Curve gangsta rap.

"It's not the East or the West Side, (NO IT'S NOT!) It's not the North or the South Side (NO IT'S NOT!) ... it's *SUPPLY SIDE*!"