Insane rap throwdown: Keynes vs. Hayek

posted at 3:40 pm on April 28, 2011 by Allahpundit

Everyone’s seen the first one and, within a day or so, everyone will have seen this one too. Don’t be daunted by the length: It’s ten minutes long but brilliant from start to finish. Easily the most entertaining video you’ll watch today, unless Obama decides to release some more documents and then call another press conference to yell at the media.

Our guy may not look fierce but he’s got mad flow, a winningly bratty Eminem-ish style, and a major beef with spending. He’s Chris Christie, basically, but with a funky ‘stache.


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He’s Chris Christie, basically, but with a funky ‘stache.

And in the Featherweight division.

Good Lt on April 28, 2011 at 3:43 PM

Rap I can listen to. Whodathunk?

Socmodfiscon on April 28, 2011 at 3:44 PM

Mike Munger, who plays the security guard, was the libertarian candidate for governor in North Carolina: http://munger4ncgov.com/

modnar on April 28, 2011 at 3:44 PM

Hayek gets impassioned….and angry! Great stuff

thebrokenrattle on April 28, 2011 at 3:46 PM

He’s Chris Christie, basically, but with a funky ‘stache.

Eh, no. On a good day, Chris Christie is a moderately moderate Republican. He is no Hayek.

Norwegian on April 28, 2011 at 3:47 PM

I’ve listened to it twice. It’s good.

j_galt on April 28, 2011 at 3:49 PM

I’ll watch this later.

Here’s the state of the union – read the darn article, weap, then fight like heck.

We are starting to get to know this President a little better, and his chief besetting fault is increasingly clear: the President falls between stools. He is a man of half measures, a man who spends so much money hedging his bets that he loses even when he wins.

He’s between two “stools” alright, sh*t and caca. In the process he dragged the country there.

Fire him for his incompetence in 2012.

Schadenfreude on April 28, 2011 at 3:50 PM

Damn… Keynes is ripped, yo.

Abby Adams on April 28, 2011 at 3:50 PM

weap = weep

Schadenfreude on April 28, 2011 at 3:51 PM

Why is the ‘C’ silent in crap music?

Vashta.Nerada on April 28, 2011 at 3:52 PM

I liked the part where they boxed

GW_SS-Delta on April 28, 2011 at 3:53 PM

“Easily the most entertaining video you’ll watch today,…”

+7%…!

Seven Percent Solution on April 28, 2011 at 3:58 PM

Very entertaining. It’s interesting that the video creates a sense of parity (i.e. two sides with an equal amount of backers competing to effect governmental policy) when in reality “we’re all Keynesians.”

crr6 on April 28, 2011 at 3:59 PM

Libs don’t seem to understand, it’s the failure and disappearance of bad management that makes room for good management. The main thing that keeps businesses honest, hard-working, and innovative, is contemplating the alternative which is bankruptcy. Or rather, it used to be the alternative. Now, the alternative could just as well be a government bailout. That doesn’t concentrate the mind quite as well as bankruptcy does.

RBMN on April 28, 2011 at 4:00 PM

“we’re all Keynesians.”

crr6 on April 28, 2011 at 3:59 PM

Racist…!

/

Seven Percent Solution on April 28, 2011 at 4:02 PM

I’m an old guy, but I love THIS rap! I hope it can get more exposure with the younger generation to get them to open their eyes, ears and mind.

Star20 on April 28, 2011 at 4:03 PM

Nice how the ref bails out the loser at the end.

darclon on April 28, 2011 at 4:09 PM

crr6 on April 28, 2011 at 3:59 PM

Since your schoolboy crush Kruggy always gets his salad tossed by the Austrian School, I’d say Hayek’s influence is still alive and well.

Good Solid B-Plus on April 28, 2011 at 4:09 PM

fixed fight. Of course.

unseen on April 28, 2011 at 4:11 PM

Er…Chris Christie’s like Hayek? You mean like Ron Reagan is like Ronald Reagan?

DB9 on April 28, 2011 at 4:12 PM

in reality “we’re all Keynesians.”

crr6 on April 28, 2011 at 3:59 PM

That concept died with the inauguration of the president you hate with the fire of a thousand suns.

Vashta.Nerada on April 28, 2011 at 4:13 PM

And for the record, neither of these white boys can flow like early NWA, especially Ren.

Good Solid B-Plus on April 28, 2011 at 4:13 PM

in reality “we’re all Keynesians Muenchhausens and Pinocchios.”

crr6 on April 28, 2011 at 3:59 PM

His professed disdain for demagoguery is beguiling. His aspirations sound so lofty that ignoble political tactics used to pursue them are ignored. His political performances are so artful that crassness seems the very last adjective you would use to describe them. He can harrangue with the worst of them. But he manages to convey it with an effective oxymoron: enlightened demagoguery.

Barack Obama can malign opponents without apparent remorse even while he summons Washington to more benign, less implacably partisan politics. Just ask Rep. Paul Ryan, the author of the House Republican’s budget. Invited by the White House to attend the Obama’s recent budget address, he heard the call for serious bipartisan efforts to save the U.S. from a debt crisis, and then had to sit stoically while the president questioned his courage and, it seemed, his love of country.

Obama’s cynicism can sometimes approach Orwellian depths

Schadenfreude on April 28, 2011 at 4:15 PM

Make sure to read “The Road to Serfdom“.

Schadenfreude on April 28, 2011 at 4:19 PM

We had the boom now watch the bust as the Fed’s QE2 causes the economy to tank as it pushes more and mor epeople out of the economy.

A demand led recession can not be solved by spending money.

unseen on April 28, 2011 at 4:19 PM

He’s Chris Christie, basically, but with a funky ‘stache.

In other words, he’s John Bolton.

melchitt on April 28, 2011 at 4:26 PM

That was a big steming pile of AWESOME!!

And:

He’s Chris Christie, basically, but with a funky ‘stache.

F A Hayek looks like Chris Christie’s dinner.

JohnGalt23 on April 28, 2011 at 4:26 PM

when in reality “we’re all Keynesians.”

crr6 on April 28, 2011 at 3:59 PM

Quoting Nixon now?

How… fitting.

JohnGalt23 on April 28, 2011 at 4:28 PM

Pure awesome. Hayek’s last line is killer.

Caiwyn on April 28, 2011 at 4:34 PM

The chorus melody is awesome! The rhyming is OK; I think some of the “Epic Rap Battles of History” may be better. Either way, its always fun to see people experiment with music!

ernesto on April 28, 2011 at 4:37 PM

the vocals for the chorus were shockingly good.

Vyce on April 28, 2011 at 4:38 PM

the vocals for the chorus were shockingly good.

Vyce on April 28, 2011 at 4:38 PM

I keep singing, “Keynes and Hayek second round” in my head. Its infectious.

ernesto on April 28, 2011 at 4:43 PM

Nice how the ref bails out the loser at the end.

darclon on April 28, 2011 at 4:09 PM

Ah! Didn’t click for me right away! Incredible job.

karlant on April 28, 2011 at 5:02 PM

I’d say Hayek’s influence is still alive and well.

Good Solid B-Plus on April 28, 2011 at 4:09 PM

Maybe among HA commenters and conservative intellectuals, but not among policy-makers.

crr6 on April 28, 2011 at 5:09 PM

Shared that one on facebook. Hoping my stepsons learn a thing of two.

mizflame98 on April 28, 2011 at 5:12 PM

Maybe among HA commenters and conservative intellectuals, but not among policy-makers.

crr6 on April 28, 2011 at 5:09 PM

Because the surest way to get elected is to promise people more money, more spending, and less sacrifice.

karlant on April 28, 2011 at 5:14 PM

Maybe among HA commenters and conservative intellectuals, but not among policy-makers.

crr6 on April 28, 2011 at 5:09 PM

No one said restoring fiscal sanity to Washington was going to be a walk in the park. It’s going to be a long slog.

Good Solid B-Plus on April 28, 2011 at 5:15 PM

Maybe among HA commenters and conservative intellectuals, but not among policy-makers.

crr6 on April 28, 2011 at 5:09 PM

How’s that working out for us? Just wait until we really lose our reserve currency status. Many generations of Americans are going to pay dearly for these harsh economic lessons.

G M on April 28, 2011 at 5:19 PM

Very entertaining. It’s interesting that the video creates a sense of parity (i.e. two sides with an equal amount of backers competing to effect governmental policy) when in reality “we’re all Keynesians.”

crr6 on April 28, 2011 at 3:59 PM

What I saw in the video was the media and politicians flocking to Keynes, while the… youth, was it?… flocked to Hayek. I don’t think it’s ever too subtle in expressing that Hayek is snubbed.

pifactorial on April 28, 2011 at 5:24 PM

Maybe among HA commenters and conservative intellectuals, but not among policy-makers.

crr6 on April 28, 2011 at 5:09 PM

More moochers/looters than producers, which is very sad.

Schadenfreude on April 28, 2011 at 5:33 PM

http://michellemalkin.com/2008/11/05/and-the-real-winner-ispeggy-the-moocher/

The perfect example of Obamanomics supporters. The sad thing is, Krugman’s grasp of economics isn’t much better.

G M on April 28, 2011 at 5:36 PM

How’s that working out for us? Just wait until we really lose our reserve currency status. Many generations of Americans are going to pay dearly for these harsh economic lessons.

G M on April 28, 2011 at 5:19 PM

One could just as easily argue that America is bound to lose that status to an international basket, regardless of the macroeconomic decisions made by a given American administration. It’s not as if we ever had the resources to protect that privileged status in the face of economic development in countries three times our size.

ernesto on April 28, 2011 at 5:43 PM

More moochers/looters than producers, which is very sad.

Schadenfreude on April 28, 2011 at 5:33 PM

It’s ok, Obama has a stash. http://www.youtube.com/watch?v=19v5Kjmc8FI

G M on April 28, 2011 at 5:45 PM

And don’t miss the Ben Bernanke lookalike in the audience and the Fed meeting!

irishspy on April 28, 2011 at 5:52 PM

One could just as easily argue that America is bound to lose that status to an international basket, regardless of the macroeconomic decisions made by a given American administration. It’s not as if we ever had the resources to protect that privileged status in the face of economic development in countries three times our size.

ernesto on April 28, 2011 at 5:43 PM

One could argue that, if one is utterly ignorant of economics, like the community organizer turned part time president. Having a single reserve currency is more efficient and reduces transaction costs. Like us or not, people around the world have trusted the dollar because they had faith in our rule of law and economic policies.

Now, as we continue to ruin the dollar with Zimbabwean QE-1,2,3, they are forced to find alternatives to the USD before Obama really devalues their dollar holdings.

If you were buying gas with silver instead of dollars, you’d find the price hasn’t risen, instead the value of the dollar has dropped.

BTW, you still have yet to name a single person that was wiretapped because they went to a peace rally, Eduardo.

Remember peace rallies? That’s what the left does when there is a war or two or three and the president isn’t a democrat.

G M on April 28, 2011 at 5:57 PM

Good stuff.

maverick muse on April 28, 2011 at 6:15 PM

Epic.

ButterflyDragon on April 28, 2011 at 6:21 PM

crr6 on April 28, 2011 at 5:09 PM

How’s that working out for us? Just wait until we really lose our reserve currency status. Many generations of Americans are going to pay dearly for these harsh economic lessons.

G M on April 28, 2011 at 5:19 PM

The problem for the anti-Liberty Progressives is that they never admit when they are wrong, which given the long line of failures of progressivism in the Soviet Union, National Progressive Germany, Progressive North Korea, Progressive Cuba, they should be well rehearsed for it.

Look what Progressivism has brought us here, should we want to continue down this road to ruin?

Chip on April 28, 2011 at 6:30 PM

Look what Progressivism has brought us here, should we want to continue down this road to ruin?

Chip on April 28, 2011 at 6:30 PM

You left out Greece, Portugal, Spain, Italy, Ireland, Great Britain, pretty much any of the Western Europeans countries that fell for the European Union pitch. “combined we can compete with the United States” Yeah hows that working out for them now? Austerity measures and protest riots for all. Thank you Maynard.

Dr Evil on April 28, 2011 at 6:35 PM

G M on April 28, 2011 at 5:57 PM

You act as if the SDR isn’t “one currency”. Also, anti-war rallies are awesome, and we do still have them. You don’t see them on TV, but they’re going on.

ernesto on April 28, 2011 at 6:36 PM

Bravo!

BobMbx on April 28, 2011 at 6:49 PM

Gotta love it.

maverick muse on April 28, 2011 at 6:49 PM

Look what Progressivism has brought us here, should we want to continue down this road to ruin?

Chip on April 28, 2011 at 6:30 PM

You left out Greece, Portugal, Spain, Italy, Ireland, Great Britain, pretty much any of the Western Europeans countries that fell for the European Union pitch. “combined we can compete with the United States” Yeah hows that working out for them now? Austerity measures and protest riots for all. Thank you Maynard.

Dr Evil on April 28, 2011 at 6:35 PM

Yes, how many times does the same experiment have to be repeated until it’s decided that the concept of progressivism does not work?

Chip on April 28, 2011 at 6:53 PM

Remember peace rallies? That’s what the left does when there is a war or two or three and the president isn’t a democrat.

G M on April 28, 2011 at 5:57 PM

Since Clinton, that applies well.

Considering LBJ’s headaches, “Hey, hey, LBJ, how many kids did you kill today” peace rallies are what the left does during a war and the president isn’t a Marxist elected by fellow traveler Democrats.

maverick muse on April 28, 2011 at 6:54 PM

Nice to see von Mises make a cameo.

I thought the rap was decent and the chorus was great.

The amazing thing was the production values on the video. They put some time and effort into this.

JadeNYU on April 28, 2011 at 6:59 PM

The SDR isn’t a currency, though China sure would like it to be given their current dollar holdings. They see us crashing and down want to go down with us, thus the growing BRICS movement.

Also, anti-war rallies are awesome, and we do still have them. You don’t see them on TV, but they’re going on.

Yes, they must be awesome to be able to fit an entire protest inside a single booth at Waffle Hut.

http://www-personal.umich.edu/~mheaney/Partisan_Dynamics_of_Contention.pdf

THE PARTISAN DYNAMICS OF CONTENTION: DEMOBILIZATION
OF THE ANTIWAR MOVEMENT IN THE UNITED STATES, 2007-2009*
Michael T. Heaney and Fabio Rojas

G M on April 28, 2011 at 7:00 PM

Word.

Red State State of Mind on April 28, 2011 at 7:02 PM

So Edwardo, who was the person that got wiretapped because they went to a anti-Bush rally?

G M on April 28, 2011 at 7:02 PM

Remember the “Grim milestone” stories omni-present in the MSM? The endless images of mourning families and wounded soldiers. I guess no troops get killed or injured these days, given the disappearance of these stories since early 2009.

It’s almost like the MSM and left were just using their alleged concerns about the troops as a cynical pose or something.

Oh yeah, I remember when the nat’l debt was a topic of concern for the left, back when Bush was president. I guess Obama must have fixed it after he closed Gitmo or something.

G M on April 28, 2011 at 7:08 PM

G M on April 28, 2011 at 7:08 PM

You get the Impression that the NSM has a Leftist agenda or something.

Chip on April 28, 2011 at 7:39 PM

Does anyone know if the names on the backs of the trainers are econ. related?

Osis on April 28, 2011 at 7:52 PM

Does anyone know if the names on the backs of the trainers are econ. related?

Osis on April 28, 2011 at 7:52 PM

They sure are.

Hayek has Say and Mises in his corner referring to Jean-Baptiste Say (had to look that one up) and Ludwig von Mises.

Keynes has Thomas Robert Malthus in his corner.

JadeNYU on April 28, 2011 at 8:01 PM

I think there are as many “anti-war” protesters that are really anti-war as there are anti-war protesters that got wiretapped for just going to an anti-war protest.

Meaning zero.

G M on April 28, 2011 at 8:16 PM

It’s from the Econ guys at George Mason U. No doubt inspired by their Dean, Dr. Walter Williams. One of the few departments in the US, amongst public universities, that I would gladly send my kids to. Great work guys.

mydh12 on April 28, 2011 at 8:27 PM

They did a reprise and interview after the first video that’s also good: http://www.youtube.com/watch?v=7k7ob438hk0

Firefly_76 on April 28, 2011 at 9:54 PM

One of the best things I’ve watched in a long time. Fantastic. Ought to be shown in every high school business/econ class.

MadisonConservative on April 28, 2011 at 10:00 PM

Keynes has Thomas Robert Malthus in his corner.

JadeNYU on April 28, 2011 at 8:01 PM

Yeah…Malthus…the guy who postulated that a food shortage is self-solving, because once enough poor people die, then there’s no longer a food shortage.

Really great guy.

MadisonConservative on April 28, 2011 at 10:01 PM

Hayek and Keynes shared air raid warden duty on the roof of Kings College in 1940 and were good friends.

Can you imagine the conversations they had up there?

I was happy, actually, with how fair this series has been to both men’s ideas. Really a conflict of visions… and Keynes gets a bad rap for what vulgar Keynesians have done with his theory (although Hayek certainly warned him). Even as radical an Austrian as Ludwig Lachmann (a subjectivist capital theorist) had Keynesian proclivities when it came to recovery policy.

DrSteve on April 29, 2011 at 12:53 AM

This is even better than the first and though the video was fair, it clearly gave the nod to Hayek. Then again, maybe I was just able to hear the common sense he was arguing but the imagery of the video shows the favoritism Keynes receives even though he is bested in the debate; The security guard treats Keynes like a celebrity, Keynes is knocked out in the ring but the ref declared him the victor anyway, Hayek is ignored by the media at the hearing but the regular people in the audience flocked to Hayek.

Crazy thing about all this, is all these modern day “Keynesians” clearly aren’t familiar with Keynes’ work as he never supported wild spending sprees like that partisan hack Krugman.

Daemonocracy on April 29, 2011 at 5:49 AM

This is particularly awesome for me, given that I only just stumbled across the original about 1 or 2 months ago.

Good times.

Reaps on April 29, 2011 at 8:28 AM

That was awesome! I had never seen any of that before. Thanks for posting it. What a creative and fun way to present economics!

ReneePA on April 29, 2011 at 12:29 PM