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Fight of the Century: Keynes vs. Hayek Round Two

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posted on Apr, 30 2011 @ 06:33 PM
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Here's a interesting music video/short film.

Economics in song form, lol: "The economy's not a car, there's no engine to stall, no expert to fix 'it', there's no 'it' at all. The economy is us, You don't need a mechanic! Put away the wrenches, the economy's organic!"





posted on Apr, 30 2011 @ 06:45 PM
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Hahaha, that's awesome. I don't know if its fair to assume that Keynes would have endorsed the bailout though, probably too excessive for his tastes.



posted on Apr, 30 2011 @ 08:08 PM
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reply to post by Rockdisjoint
 


That was just as hilarious and entertaining as it was informative! Rarely do you get that lol. Oh and just to throw in my 2 cents, I'm with Haynek.



posted on Apr, 30 2011 @ 08:10 PM
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For an 8 minute crash course this is a very good video. My sole problem was that Keynes never addressed the second part of his theory, but people who use his theory never use it so I guess it makes sense. Keynes originally said that you should deficit spend and or cut taxes during a depression, then raise taxes and pay back the debt during good times.



posted on Apr, 30 2011 @ 11:11 PM
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reply to post by Rockdisjoint
 


Pretty good video gets the point across. Not exactly my taste in music but not hard on the ears either. The vocals are good.



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