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