Fear the Boom and Bust

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"Fear the Boom and Bust"
Music video by Billy Scafuri, Adam Lustick
LanguageEnglish
PublishedJanuary 23, 2010
ReleasedJanuary 23, 2010 (2010-01-23)
Recorded2010
GenreEducational hip hop
Length7:33
Composer(s)Richard Royston Jacobs
Lyricist(s)John Papola and Russ Roberts
Producer(s)John Papola

Fear the Boom and Bust is a 2010 hip hop music video in which 20th century economists John Maynard Keynes and Friedrich von Hayek (played by Billy Scafuri and Adam Lustick, respectively) take part in a rap battle discussing economics, specifically, the boom and bust business cycle, for which the video is named. The video has more than six million views on YouTube.

Overview[edit]

John Maynard Keynes
Friedrich von Hayek

The video was created by former Spike TV creative director and co-founder of the production company Emergent Order, John Papola, and economist Russ Roberts[1] of the George Mason University Mercatus Center.[2] Billy Scafuri and Adam Lustick, who are comedians with the Harvard Sailing Team[3] and Upright Citizens Brigade,[4] play Keynes and Hayek respectively.

Sequel[edit]

In April 2011, a follow-up music video called Fight of the Century: Keynes vs. Hayek Round Two was released. This video examines the two economists' responses to the Great Recession. The central question in the video is whether a successful economy results from a "more bottom up" (i.e. totally free market) or "more top down" (i.e. Economic interventionism) approach.

See also[edit]

References[edit]

  1. ^ Kenney, Caitlin (January 25, 2010). "Watch: 'Fear The Boom And Bust'". NPR Planet Money. Retrieved September 16, 2011.
  2. ^ "'Fear the Boom and Bust' a Hayek vs. Keynes Rap Anthem". Mercatus Center. January 27, 2010. Retrieved September 16, 2011.
  3. ^ "Billy and Adam". Retrieved September 17, 2011.
  4. ^ Perman, Cindy (February 12, 2010). "'Fear the Boom and Bust': A Rap Anthem for the Economy". There Must Be a Pony in Here Somewhere: The Lighter Side of The Economic Crises. CNBC.com. Retrieved December 29, 2012.

External links[edit]