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

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Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. Visit us at http://econstories.tvIn Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it.Get the full lyrics, story and free download of the song in high quality MP3 and AAC files at: http://econstories.tvPlus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.comMus... was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs. http://www.blackboard3.com**Ch... Bull© Arturo DiModica, 1998

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: EconStories

Length: 07:33
Rating: 4.9436917
Views: 3157412

Tags: Economics  Macroeconomics  John Maynard Keynes  Friedrich August Von Hayek  F. A. Hayek  Keynesianism  Austrian Business Cycle Theory  Stimulus  Bailouts  Payoffs  The Federal Reserve  Ben Bernanke  Timothy Geithner  Alan Greenspan  The Great Depression  The Great Recession  Unemployment  Sticky Wages  Liquidity Trap  Capital Structure  Monetary Policy  Money and Banking  Interest Rates  Digging Ditches  War  Pyramids  Credit  Government Spending  Deficits  Debt  Canon  7D  

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SalientK (November 30, 1999 at 12:00 am)
@AssaultKalashnikov Um, excuse me, but I think you just walked into a conversation between two people and you have no idea who's arguing what. I'm the one defending rap music because 3wrw89 seems to think that it's not a legitimate genre. He holds this song up as an example of one of the few "good" rap songs, but it's really not. My point was that if he thinks this is one of the best rap songs, then he has little to no experience of the genre and shouldn't dismiss it so easily. So calm down.
AssaultKalashnikov (November 30, 1999 at 12:00 am)
@3wrw89 most of the rap was created before the 21st century, thousands of underground artists who dealt with raw hardcore hiphop .. the "most rap songs" you speak of, is the songs that YOU listen to on the radio, because your only outlet for hiphop is the radio or mtv, because you refuse to investigate or listen to anything you haven't heard in the mainstream. you're a sheep.
AssaultKalashnikov (November 30, 1999 at 12:00 am)
@3wrw89 i listen to many many genres of music in fact, and i can see clearly that you are a brainwashed uniformed closed minded asshole who can't think for himself and you probably have many friends who ridicule rap because they heard from other people that its cool to hate rap, and the bandwagon effect continues amongst the herds of sheep who refuse to use their own brains to think and allow other people to think for them out of laziness and impressionism
AssaultKalashnikov (November 30, 1999 at 12:00 am)
@3wrw89 wtf? i listen to both rap, and rock.. your point makes no sense to me, rock songs have a much more limited ability to investigate topics because there is less lyrics per song, whereas rock music has more potential for raw talent, due to the use of actual instruments rather than synthesized beats. rappers have a much better ability to cover many more topics than rock artists. however, 90% of the production is just writing lyrics.
AssaultKalashnikov (November 30, 1999 at 12:00 am)
@SalientK maybe you just have a terrible taste in music. the lyrics are great, way better than any of the trash you hear of nowadays, obviously there are lyricist with much better linguistics but, for the most part they do so because their lyrics are shit. the lyrics in this song are well constructed enough and meaningful enough that they can actually pronounce words with coherence without sounding like a retard due to shitty content. quit being an elitist you're no good at it.
AssaultKalashnikov (November 30, 1999 at 12:00 am)
@SalientK it's a good song. and yes, story telling is a characteristic of a good lyricist. and lyricism is an aspect of good music. the beat is good , the lyrics are good, and it follows a story. most songsdo follow a theme, and this makes them aesthetically pleasing, people like for a song to keep their attention, and if they go off into too many directions you lose attention, so storyline or theme are strong aspects of songs, not meaningless as you make them seem.
SalientK (November 30, 1999 at 12:00 am)
@3wrw89 Just because the song tells a story doesn't mean that it's a good *song*. It just means it tells a story, and that's it. But we're judging a song, not a story, and songs have different criteria by which we determine their value: vocal aesthetic, articulation of vowels/consonants, lyrical variety, melodic engagement, organic vs. inorganic sound, etc.But besides the technical stuff, we also take into consideration the honesty, sincerity and confidence of the artist. [I'm out of space.]
3wrw89 (November 30, 1999 at 12:00 am)
@SalientK The lyrics rhyme and tell a story. There is nothing awkward about that. I can't find a specific definition of flow that is widely accepted. Saying something about a songs flow means nothing to me. The beat has a pattern. Without that it would just be random noise.If the austrian economists are right, then we are headed for a severe economic depression. That makes it much more than mildly important.
cooljj82 (November 30, 1999 at 12:00 am)
@RBrenizer Also part of what led up to the depression is the same thing that got us into this mess. Excess liquidity, caused by low interest rates, causing stocks and real estate to be over valued. So it is interesting you chose the depression as your example of free markets. There is alot of similarity in the 20s and the 90s. Also the solution politicians came up with in the 30s was similar to what we are doing now. Inflation, stimulus, public works projects like Mr. Rushmore, ect...
cooljj82 (November 30, 1999 at 12:00 am)
@RBrenizer Also you have to ask yourself why did people make bad investments? What events led to them all making bad investments at once? The securitization of mortgages provides an atmosphere for that. The "to big to fail" doctrine that has been around for 35 years helps to create that enviroment. There is alot more than market forces at work here. To simplify it down to "people made bad investments" isn't an analysis at all.

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