Economics: Fear the boom and bust with Keynes and Hayek

As I was trying to decide if I was going to watch President Obama or try to generate some Schedule C income tonight, a reader sent this link to a video at the EconStories Web site. You can call this Econ 201 since it is a bit more advanced, but well worth the time to watch.

The first time you watch this music video, you may only catch some of the lessons being taught, but there is no need to absorb everything in one shot with the ability to replay the video ya know? It’s a good idea to “sing along” to the words available over at

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Steve McGough

Steve's a part-time conservative blogger. Steve grew up in Connecticut and has lived in Washington, D.C. and the Bahamas. He resides in Connecticut, where he’s comfortable six months of the year.

1 Comment

  1. Odonna on January 30, 2010 at 4:13 am

    I love these videos you folks share with us!  This is a brilliant presentation of these opposing theories and the effect Keynes has had on our lives. 

    Hayek became one of my heroes after I read his "Road to Serfdom" not too long ago.  I sent the link to all of my family members.  I think the lack of understanding about basic economics (deliberately encouraged by making it seem complicated and confusing) is one of the factors that allows Americans to be manipulated by politicians.

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