Wednesday, May 12, 2010

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem


Favorite parts:
"In the long-run we're all dead."
-"In the long-run, my friend, it's your theory that's dead"
Broken window fallacy.
"We're all Keynesians now."
Keynes "ignores human action and motivation."
"Real savings come first if you want to invest."
"mal-investments wreck the economy."

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