Hayek vs.Keynes

See John Maynard Keynes – advocate of interventionist economic policy – and Friedrich von Hayek – defender of classical liberalism and free-market capitalism – battle out their economic thing through the medium of rap. Which skool of economic thought do you subscribe to?

Chorus:

We’ve been going back and forth for a century
[Keynes] I want to steer markets,
[Hayek] I want them set free
There’s a boom and bust cycle and good reason to fear it
[Hayek] Blame low interest rates.
[Keynes] No… it’s the animal spirits

Source: econstories.tv

 

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