Saturday, 13 March 2010

Hayek-Keynes rap video: The making of [update 2]

CLICK HERE FOR RAP VIDEOThe Hayek- Keynes rap video ‘Fear the Boom & Bust’ has now been seen over a million times, and translated into around a dozen languages.

Not bad for the best seven-minute economics lecture you’re ever likely to see.

It’s like a college economics course in just even minutes!

The maker of the Hayek-Keynes rap video, John Papola, talks at the Austrian Scholars Conference about the making of the video.

Take a look .

(NB: there’s a few sound troubles in the first few minutes.  No huhu.  Just flick past it.):

PS: You can watch the whole Austrian Scholars Conference online here.

PPS: Learn from monetary scholar George Selgin in 30 minutes why the Federal Reserve “system” has proven in every possible way to be an inferior system of money and banking to the standard it replaced… and using empirical studies by the most mainstream economists out there to prove it.
Audio here: George Selgin on the Fed’s Dismal Record.

UPDATE 1: And here’s a related piece from on  PBS, featuring a (brief) debate between the rap’s co-author, Russ Roberts, and Keynes’s latest biographer Robert Skidelsky.

UPDATE 2: And here’s the real thing--a five-minute excerpt of an interview with Friedrich Hayek on the subject of Keynes. 
Head here to watch it, and for some context: Hayek on Keynes.


  1. Bloody PBS! How carefully edited was that. How hard they tried to make Keynes' spendthift nonsense sound reasonable. Oh well.


  2. Agreed, LGM, Russ got relgated to a role of responder to Keynes, which is the traditional position of all Hayekians. Russ got cut off in most responses. Hatchet job.


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