Hayek vs. Keynes Rap Video IIDavid J. Theroux • Wednesday November 3, 2010 10:36 PM PDT •
First performed publicly last week in New York at The Economist‘s conference, The Buttonwood Gathering, here is the sequel to the sensational rap video pitting the economic ideas of Austrian School economist F.A. Hayek against those of interventionist John M. Keynes. The original video, “Fear the Boom and Bust,” has had more than 1.5 million views on YouTube and is extremely timely in presenting the Keynesian economic theory behind the gigantic Bush and Obama stimulus and bailout measures and the Austrian School critique and defense of free markets.
For further information, please see the following books:
Money and the Nation State: The Financial Revolution, Government and the World Monetary System, edited by Kevin Dowd and Richard H. Timberlake, Jr.
Out of Work: Unemployment and Government in Twentieth-Century America, edited by Richard K. Vedder and Lowell E. Gallaway
Tags: and Cold War, Austrian School of Economics, Barack Obama, Books, Budget and Tax Policy, Depression, Economics, F. A. Hayek, Fear the Boom and Bust, Federal Reserve, Free Market, free market economics, George W. Bush, Government subsidies, Great Depression, Inflation, John M. Keynes, Jr., Kevin Dowd, Keynesian economics, Liberty, Media, Money and Banking, Power, Richard H. Timberlake, Robert Higgs, Socialism, The Economist, The State, Unemployment, Video, War