Keynes and Hayek gangsta rap

In "Fear the Boom and Bust," John Maynard Keynes and F. A. Hayek perform a gangsta rap about their competing economic theories:

John Maynard Keynes, wrote the book on modern macro
The man you need when the economy's off track, [whoa]
Depression, recession now your question's in session
Have a seat and I'll school you in one simple lesson

BOOM, 1929 the big crash
We didn't bounce back--economy's in the trash
Persistent unemployment, the result of sticky wages
Waiting for recovery? Seriously? That's outrageous!

I had a real plan any fool can understand
The advice, real simple--boost aggregate demand!
C, I, G, all together gets to Y
Make sure the total's growing, watch the economy fly
"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem (Thanks, Dmiff!)


  1. Gangsta rap just gets more and more horrifyingly explicit all the time. No wonder our kids are growing up to be economists.

  2. “Prepare to get schooled in my Austrian perspective!”

    There is a lot to love in that for anyone who studies economics. Sadly, that was easily the most intelligent discussion on opposing responses to crash I have seen in the public debate.

    1. Indeed.. I minored in it in my design college (with surly busineess majors who HAD to take it) and I feel the love.
      H-siiiiide ;)

    1. Uh Oh. I think this video might actually be some kind of tear in the fabric of the internet. I wouldn’t be surprised if the whole world wide web was destroyed youtube first in coming weeks.

    1. Well, maybe the song implies that the rivalry between saltwater and freshwater economists is similar to the east coast/west coast rap feuds of the ’90s?

  3. Wow. I never realized that Keynes and Hayek had American accents. You learn something new from the internetz every day. ;-)

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