How economics became interesting again…

April 16, 2011 > what a concept!

I rate this Fear the Boom and Bust rap so much.  And I know I’m not the only one.  Being a historian, I’m really not a ‘quant nerd’, so this really helps break it down.

I’m really looking forward to the next installment which is being filmed at the moment.  However, I think that the portrayal of Hayek’s theory getting a raw deal isn’t a true reflection of current perceptions.  Especially as the Tories treat him as a saviour from the post-war economic decline.  Keith Joseph, his CPS & Margaret Thatcher infamously embraced monetarism and regularly quoted Hayek and Freidman.  It’s all the rage to bash Keynes: George Osborne frequently dubs Ed Balls a Keynesian, and reducing the deficit is the goal.  So I think this rap is probably more reflective of the perceptions in the US.

Also, can I just say the actors in this, the comedy rap duo Billy Scafuri & Adam Lustick of  Snakes,  are ones to watch. With or without the moustaches.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: