‘Fear the Boom and Bust’ is a rap battle between Keynes and Hayek
Monday, 02/1/2010 - 4:07 pm by Lynn Parramore | 4 CommentsWho said economics had to be boring?
This just in from Emily Wazlack, our erstwhile (and sorely missed!) intern, courtesy of her econ professor. Seems that a television producer for Spike TV and a professor of economics at George Mason University have joined forces to created a website called Econstories.tv, aimed at teaching economic theory to the masses. “Fear the Boom and Bust”, their first video, is a rap-off between John Maynard Keynes and Friedrich von Hayek…
Just out of curiosity, why not pay people a minimum to consume. What they make in jobs will be on top of that..
Posted by Advocatus Diaboli | February 1st, 2010 at 6:15 pm
Yes, but,
It was professionally produced and acted. Even the babes are professional. It cost a million dollars to produce.
And its message is Keynes and Hayek are roughly equivalent in understanding the economy.
This means to me somebody is paying big bucks to get the rap generation to give Hayek and the market-firsters credit they don’t deserve.
And at the end it is KEYNES who is passed out from over-indulging. Propaganda runs deep.
Posted by demand side | February 2nd, 2010 at 2:28 am
Aaaaah, it’s pretty harmless/funny. I think “propaganda” might be a strong term for this particular video.
Posted by James Call | February 2nd, 2010 at 6:45 am
ha. no it did not cost a million dollars to make. most of our crew worked for free as a favor to john. this was a labor of love.
Posted by lisa | February 15th, 2010 at 6:12 pm