Keynes vs. Hayek: Economics on the m-i-c
I love hip-hop. I love economics. If only there were a way to combine the two that would easily explain the theories of John Maynard Keynes and Friedrich von Hayek.
Brace yourself: Your dream has come true.
The folks at Planet Money have dug up "Fear The Boom and Bust," a video produced by George Mason University economist Russ Roberts and Spike TV executive producer John Papola. It's an entertaining lesson in modern economics and, by all accounts, a pretty good rap.
Check it out here -- and as "Hayek" says in the song, "Prepare to get schooled in my Austrian perspective."