Posted Thursday, April 28, 2011, at 10:01 AM
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.