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Keynes vs. Hayek: The Rap Song


This PBS segment with Prof. Russ Roberts of the Mercatus Center and GMU gives a preview of a fantastic educational rap video about the debate between economists Friedrich Hayek and John Maynard Keynes. The creative Roberts wrote this video with John Papola, which should be released between Christmas and New Year, to explain the myth of Keynesian economics.

Here is a sample of the lyrics:

We’ve been goin back n forth for a century
[Keynes] I want to steer markets,
[Hayek] I want them set free
There’s a boom and bust cycle and good reason to fear it
[Hayek] Blame low interest rates
[Keynes] No it’s the animal spirits

Also, the segment has a very good conversation between Roberts and Robert Skidelsky, author of the book Keynes, The Return of the Master.

Watch the segment here:


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