Fear the Boom and Bust
@Citizen_Stuart (2016)
February 6, 2010 5:54pm CST
I'm not a big fan of rap music, but this YouTube video is so good I keep playing it. The spirits of the great F A Hayek and the idiot Keynes engage in a rap duel to prove their rival theories. It's actually quite a good potted economics lesson:
http://www.youtube.com/watch?v=d0nERTFo-Sk&feature=player_embedded
1 person likes this
1 response
@gewcew23 (8007)
• United States
7 Feb 10
This video does a good job at explaining the two sides of the economic coin, and my favorite part is Keynes throwing up after drinking(spending) binge. The very beginning is both true and scare. Almost everyone know of Keynes or his economic theories and his theories, yet it is the almost unknown of Hayek and his theories that have stood the test of time.
1 person likes this
@Citizen_Stuart (2016)
•
24 Feb 10
Absolutely, so the powers that be keep on making the same mistakes. More government borrowing and nothing done about the crippling problem of personal debt. They say we're coming out of recession, but I reckon the "recovery" will be short-lived - the seeds of the next bust have already been planted.
