In “Fear the boom and bust”, John Maynard Keynes and F.A. Hayek, two of the great economists of the 20th century, come back to life to attend a conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it. This entertaining clip comes courtesy of Econstories.tv, “a place to learn about the economic way of thinking” – through the eyes of creative director John Papola and creative economist Russ Roberts.
Source: YouTube, January 23, 2010 (hat tip: The Big Picture).
