Wednesday, July 6, 2011
Keynes vs. Hayek Rap: Fear the Boom and the Bust
John Papola and Russ Roberts have produced an entertaining and educational rap debate video between British economist John Maynard Keynes and Austrian economist F. A. Hayek. A modern reincarnation of the two economic theorists argue the importance of stimulating demand to lift an economy out of a bust (Keynes) versus saving and investing in free markets and skepticism about booms (Hayek). The video is from econstories.tv.