George Mason University’s brilliant economist and great teacher Russ Roberts teamed up with filmmaker and armchair economist John Papola to create this amazing rap-music video, “Fear the Boom and Bust,” that features Lord Keynes and F. A. Hayek. In the video, the renowned economists come back to life to attend an economics conference. At Lord Keynes’s insistence, they head out for a night on the town and as a result we learn about why there’s a “boom and bust” cycle in modern economies and a good reason to fear it.
The video was featured on NPR today (the story is here) at 4:05 p.m. and will be available on Roberts and Papola’s website along with the lyrics and other materials.