The partnership of John Papola, a television producer, and Russ Roberts, an economics professor, has produced another rap video in which the two giants of modern economics, John Maynard Keynes and Friedrich Hayek, spar about the way out of the current crisis: massive government stimulus or laissez faire. It isn’t a parody. The unlikely duo really is dramatizing a theoretical debate that has raged throughout the past hundred years without any definitive resolution:
Papola and Roberts fall squarely on the side of Hayek, but the representation of Keynesianism is not unfair. And the production quality is off the charts!
And here is the original Hayek vs. Keynes smackdown:
Miguel Llorens is a freelance financial translator based in Madrid who works from Spanish into English. He is specialized in equity research, economics, accounting, and investment strategy. He has worked as a translator for Goldman Sachs, the US Government's Open Source Center and H.B.O. International, as well as many small-and-medium-sized brokerages and asset management companies operating in Spain. To contact him, visit his website and write to the address listed there. Feel free to join his LinkedIn network or to follow him on Twitter.