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Fight of the Century: Keynes vs. Hayek – Economics Rap Battle Round Two

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Credits: Emergent Order

Produced by Emergent Order. Visit us at http://emergentorder.com.

“Fight of the Century” is the new economics hip-hop music video by John Papola and Russ Roberts at http://EconStories.tv.

According to the National Bureau of Economic Research, the Great Recession ended in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?

In “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What’s the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity?

Keynes and Hayek never agreed on the answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”!

Starring Billy and Adam from http://www.billyandadam.com

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About Jacob

Obsessed with learning new things. Trying to learn and defend truth.

Living in Idaho, graduated in Financial Economics from BYU-Idaho, and getting ready to launch several civic education projects.

I own a website and marketing business called ArcFires. Keep an eye out for my upcoming civic education projects: Liberty Library and the American Center for Civic Training.

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