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Creator of “Fear the Boom and Bust” at the ASC

Creator of “Fear the Boom and Bust” at the ASC

By Mises.org

H/tip to Tom Burger ("It is entertaining and I can even understand the lyrics. A fascinating and rare example of economic theory meeting up with pop culture. Well … okay … it’s probably the ONLY example…")

The Mises Institute is pleased to welcome John Papola to the Austrian Scholars Conference, March 11-13, 2010, Auburn, Alabama. John is the co-producer along with Russell Roberts of “Fear the Boom and Bust,” the youtube smash hit that pits Hayek against Keynes in a rap song about the business cycle.

The video (now with 785,000 views) has brought more attention to the Austrian theory of the business cycle, and with surprising theoretical accuracy, than any medium in history, and driven sales of Hayek’s book on the business cycle…

Read more here.>>

There is also "The Making of … " here.


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  1. This production was truly genius. I spoke with Pappola in January and his talent speaks for itself. The historical story and current affairs are tied together in a modern Hip Hop fashion that is not only enjoyable and refreshing, but a true work of "art". It must be awesome to be able to express yourself on such important matters as he has done. Most of us mortals are quite frustrated and this expressed my intellectual views of the meltdown and gave me a sigh of relief that somebody out there "gets it" and can express it in a fundamentally entertaining and acceptable dialogue. Complete genius. a materpiece. I thoroughly enjoyed it and still do!


  2.  Goober, thanks!  And I appreciate getting comments too.