Saturday, January 30, 2010

Fear The Boom And Bust by The Emergent Order

Sometimes the Gift of Gab raps about how tired and boring rap lyrics get, always on the same topics. He falls into this trap himself, delivering mediocre spiritualism, brags about his skill, and of course, complaints about how bad rap lyrics are these days. Okay, lots of rappers do this, but Gift of Gab is one I like.

Fear the Boom and Bust is a model for finding something else to talk about. It's a war of words between economists J.M. Keynes and F.A. Hayek, on their opposing views of the cause of the boom and bust cycles.

I recommend heading over to Econ Stories and watching the video. It's a perfect caricature of the two author's positions.

http://www.econstories.tv/home_files/Fear%20The%20Boom%20and%20Bust.mp3

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