Here's the sequel -- at last! -- to John Papola's Econ Stories rap battle between Friedrich von Hayek and John Maynard Keynes.
There are many worse ways to study economics, although if you're boycotting the Koch brothers, be wary: This was produced in association with the Mercatus Center. (I think I see Michael Munger, the libertarian college professor and occasional candidate, playing the role of the overzealous security guard.) Hayek clearly wins the argument here, and Keynes is presented as obviously, provably wrong, as a defender of Too Big to Fail. That's a little unfair, but it's probably more fair than the coverage of these ideas in daily politics.
If you somehow missed part one -- a smoother, more Boogie Down Productions-sounding product -- here it is.
TODAY IN SLATE
Don’t Worry, Obama Isn’t Sending U.S. Troops to Fight ISIS
But the next president might.
Amazon Is Officially a Gadget Company. Here Are Its Six New Devices.
The Human Need to Find Connections in Everything
It’s the source of creativity and delusions. It can harm us more than it helps us.
How Much Should You Loathe NFL Commissioner Roger Goodell?
Here are the facts.
The Plight of the Pre-Legalization Marijuana Offender
What should happen to weed users and dealers busted before the stuff was legal?