Hayek versus Keynes

[JP226]

This is awesome. Outside of the hilariousness of it, the lyrics and symbolism explain the difference between the two theories extremely well.

[BNS]

I felt like a nerd for enjoying that video . I had wondered what someone like you would thing about it. I think the replacing of The Bible for General Theory and Keyne's video hangover sums up modern Keynesianism quite cleverly.

[xcorps]

LOL, prepared to get schooled in my Austrian perspective...

Great find!

[JP226]

I felt like a nerd for enjoying that video . I had wondered what someone like you would thing about it. I think the replacing of The Bible for General Theory and Keyne's video hangover sums up modern Keynesianism quite cleverly.

I couldn't stop laughing. I uuh, cracked up with "Tim" and "Ben" pouring shots. I felt like a nerd, especially when I watched it twice.

[BNS]

I couldn't stop laughing. I uuh, cracked up with "Tim" and "Ben" pouring shots. Big nerd I am, I guess.

Hey Freddy, hey listen party at the FED! Lol.

[CtrlAltDe1337]

That was incredibly awesome, symbolic, rappishly annoying, funny, and strange at the same time.

[Bovril]

How on earth did geeky white boys rapping about economic theory manage to accrue the money to put together such an excellent video. Not that I'm complaining!

(though of course the theory is low level, and the imigery is biased towards Hayek in the extreme)

[MathiasOfAthens]

How on earth did geeky white boys rapping about economic theory manage to accrue the money to put together such an excellent video. Not that I'm complaining!

(though of course the theory is low level, and the imigery is biased towards Hayek in the extreme)

Not hard to make the video if you know what your doing and have the right tools. Might look expensive, might be, or could of been done from their own expenses.

[JP226]

Yes, let me hold my nose in the air and claim the theory is low level. What exactly more would you have liked?

[Bovril]

Yes, let me hold my nose in the air and claim the theory is low level. What exactly more would you have liked?

Nothing, but the theoretical praise was starting to gush. So I stuck my finger in the dyke. (I hope this metaphor will not follow through to its logical conclusion, i.e. the tidal wave of theoretical deabte. Though I note it was put in the Politcal Academy, not the TD or Arts forum, so perhpas serious debate was the intent?)

[JP226]

I don't see how you can see the video being biased. It's essenitally two videos in one, one where they explain keynesian theory and then another with a hayek explanation, both taking swipes at one another.

Though I note it was put in the Politcal Academy, not the TD or Arts forum, so perhpas serious debate was the intent?

It could turn into keynesian versus hayek debate

[Bovril]

I don't see how you can see the video being biased. It's essenitally two videos in one, one where they explain keynesian theory and then another with a hayek explanation, both taking swipes at one another.

Sure, but the bit where Keynes vocalises is accompanied by Hayek looking disdainfull and shaking his head aloofly, where as the bit where Hayek vocalises is accompanied by Keynes alternately getting drunk or being hung over. Subtext is too weak a word.

It could turn into keynesian versus hayek debate

It could, but starting off that debate with this video is a little too vague for a 'serious' bit of the forum, isn't it?

[awisler]

Sure, but the bit where Keynes vocalises is accompanied by Hayek looking disdainfull and shaking his head aloofly, where as the bit where Hayek vocalises is accompanied by Keynes alternately getting drunk or being hung over. Subtext is too weak a word.



It could, but starting off that debate with this video is a little too vague for a 'serious' bit of the forum, isn't it?

Perhaps that's because its representative of what really happens...

[awisler]

Hahaha. Austrian economics ftw.

[Enemy of the State]

Brilliant.

[Heinz Guderian]

This is awesome. Outside of the hilariousness of it, the lyrics and symbolism explain the difference between the two theories extremely well.

excellent find. rep+

[Enemy of the State]

The video is biased though to be honest. The symbology points to Hayek simply being unpopular, but Keynes' theory as reckless in the long run. The author is Austrian too.

Being sympathetic to Hayek I don't mind much

[JP226]

Keynes knew the policy was reckless that's hy he said "we're all dead in the long run."

[Last Roman]

Keynes knew the policy was reckless that's hy he said "we're all dead in the long run."

I really don't think that's the reason why, y'know the "market will fix itself in the long run" idea.

However, there are some screw balls in Keynes theories. He continued to see his ideas as classical economic liberalism, or a free market theory, because he was contrasting it to the more hardcore socialists or even more radical communists. It'd be silly to argue that Keynes was anti-market, but nor did he follow the traditional Anglo laissez-faire theory.

What we really need, as a certain respected member of Ana pointed out, is a deregulated market 90% of the time, and for government to intervene in dire straits. "A necessary evil" as aforementioned member put it.

[dragonsign]

That video really is funny