The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 19

"Fear the Boom and Bust," a rap video produced by Russ Roberts and Jon Papola, has over 4 million views on YouTube. It is a light hearted but timely presentation of the positions of John Maynard Keynes and F.A. Hayek on the business cycle. (The boom-bust analysis presented in this chapter has been greatly influenced by Hayek and his professor, Ludwig von Mises.) Take a look at it and the follow up to it called "Fight of the Century: Keynes vs. Hayek Round Two." What's your impression? Who do you feel wins? Does the video get complex ideas across in an accessible way?