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

Maserati7200 Says:

Feb 6, 2012 - Keynesian economics brought the demise of the US dollar. Along with that, the demise of the middle class.

RusNad Says:

Feb 6, 2012 - @123casiej123 keynes theory is that you should spend MORE than what you have to keep the economy going.

RBrenizer Says:

Feb 7, 2012 - Keynes saved the U.S. from complete disaster

jezza1789 Says:

Feb 7, 2012 - Keynesians are living in a fairy tale

jezza1789 Says:

Feb 7, 2012 - @Loathomar Well their is a difference when investors create a bubble it ussually ends quickly when the money flow stops, and only the participants and their shareholders are hurt. On the flip side when the Fed sets interest at 0% the bubble getsbigger and bigger because of all the cheap money and when it blows the entire economy is affected.

semperFi4ever100 Says:

Feb 7, 2012 - @RBrenizer Even if you assume that the worst of the crisis is already over, it was Keynesian economics which got us here in the first place. The fact that the Fed kept interest rates artificially low lead to malinvestment. Bad investments crash inevitably and that's just what we saw in 2008. Now Keynes might have solved this problem, but only at the cost of us, the people, sitting on mountains of debt and shares of unprofitable companies, as well as an inflated dollar.

xxWhyIsTheRumGonexx Says:

Feb 7, 2012 - Am I getting the idea that the producers of this fab vid prefer Hayek? Do they? (I do.)

RBrenizer Says:

Feb 7, 2012 - Keynesian economics got us into the crisis? Low interest rates lead to malinvestment? Bad investments made by those not being watched. "The free market". I couldn't disagree with your analysis more. Low interest rates, high interest rates. So let's get rid of the Fed and let interest rates set themselves and see how that goes. Did you read about the Great Depression? The free market dynamics that created it?

spockezri Says:

Feb 7, 2012 - @xxWhyIsTheRumGonexx I think so, Keynes seems arrogant and a little immoral in this. I agree, Hayek is the best <3 (As my whole Spanish class learned today from my rant about the economy xD)

3wrw89 Says:

Feb 7, 2012 - @SalientK It's not a double standard. It's an observation. Sure, there are a few bad rock songs. My point is that most rap songs are garbage. Rappers have a limited number of topics they talk about. Their albums are poorly written & poorly performed. It's been that way for at least 20 years.This video is about something that matters, and the lyrics use good rhyme schemes to make a point. It's great to see a good rap video get some attention & I stand by my original comment.

SalientK Says:

Feb 8, 2012 - @3wrw89 "A few bad rock songs"? Yet "most rap songs are garbage"? Yeah, get out of here with that. 99% of *everything* is garbage. Pop music *in general* only has a handful of topics sung over the same four chords. Remove head from ass.Btw, if you think this is a good rap song, then I question your judgement skills. Sure, it talks about something mildly important, but from a musical perspective it's terrible. The lyrics are awkward, the flow is ungainly, and the beat is trite and repetitive.

cooljj82 Says:

Feb 8, 2012 - @RBrenizer Woah, we didn't have free market interest rates in the Great Depression. The Fed has been around since 1913. There is one thing the government should have done which is not allow banks suspension of specie payment which is blatant fraud.

cooljj82 Says:

Feb 8, 2012 - @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.

cooljj82 Says:

Feb 8, 2012 - @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...

3wrw89 Says:

Feb 9, 2012 - @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.

SalientK Says:

Feb 9, 2012 - @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.]

AssaultKalashnikov Says:

Feb 10, 2012 - @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.

AssaultKalashnikov Says:

Feb 10, 2012 - @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 Says:

Feb 10, 2012 - @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 Says:

Feb 10, 2012 - @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 Says:

Feb 10, 2012 - @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.

SalientK Says:

Feb 11, 2012 - @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.

etbadaboum Says:

Feb 11, 2012 - And if Hayek and Keynes have a child together?

StatelessLiberty Says:

Feb 11, 2012 - @etbadaboum That would be Milton Friedman.

stebecool Says:

Feb 12, 2012 - @StatelessLiberty Keynes and Friedman are opposites. You'd have a better chance of making a Friedman if Hayek cheated with the mailman (he would have to be Fed-Ex though, no postal service).