Tuesday, January 26, 2010

Hayek vs. Keynes Rap



I'm no fan of rap, but this is an extraordinary video that demonstrates why our country is in trouble. It pits economist John Maynard Keynes's approach to economics (based on central government planning, central banks, and "stimulus" - which is the current Democrat and Republican economic model) against that of F.A. Hayek's opposing "Austrian School" of economics that is rooted in free markets, sound money, and individual freedom.

This is no ordinary rap video. It is clever and chock full of information. And even when stumbling on the technical economist jargon, one can pretty well follow the visuals to see why we have a boom and bust cycle and what we should do about it. And note that the lyrics and other educational materials are available at Econstories. Well done!

Big shock here (not!): HT: Lew Rockwell.

3 comments:

Rev. C. D. Trouten said...

Did you catch the names of the bartenders pushing Keynes to drunkenness? Tim & Ben! What a hoot!

Father Hollywood said...

That was a nice touch, wasn't it?!

Paul said...

Ouch!!!