Published On: Tue, Jul 26th, 2011

Fear the Boom and Bust

No better way to explain the divide between economists Keynes and Hayek. In this phenomenal video, they’ve 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.

http://www.youtube.com/watch?v=d0nERTFo-Skamp;t=22s&feature=player_embedded

Hat Tip: EconStories.TV

 

 

 

 

About the Author

- We made the journey from hard left to serious right a long time ago, but still have a laissez faire attitude and a finely tuned sense of the ridiculous.