Fear the Boom and Bust
“Fear the Boom and Bust” a Hayek vs. Keynes Rap Battle
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 (as you do) 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 www.econstories.tv
Discuss and enjoy guys!
February 5th, 2010 at 10:40 am
The financial collapse of 2008 has been described as an “economic 9/11” for the United States. Boom, Bust & Blame
March 27th, 2010 at 5:59 pm
Following the credit crisis, under presssure businesses can no longer hope to extend their borrowing facilities to help them out of difficulties. This may, in fact, be a good thing: businesses experiencing problems will instead be forced to address these issues proactively and seek appropriate advice. This, in turn, may help avoid the insolvencies which perpetuate the cycle of boom & bust.