Creator of “Fear the Boom and Bust” at the ASC
by ilene - April 1st, 2010 4:29 pm
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.
Mises.org: The Kids Aren’t Alright
by ilene - February 4th, 2010 12:12 am
Mises.org: The Kids Aren’t Alright
Courtesy of Joshua M Brown, The Reformed Broker
From the heart of the Austrian Economics Front comes a blistering attack on the damage that government intervention is causing to our nation’s young adults.
Crushing student debt, the short-term programs funded with long term tax dollars and the mirage of drug law enforcement are all culpable according to Brian Foglia‘s smackdown of big government, The War on the Young.
From Mises.org:
We live in an age rife with oppression. No group of Americans is better aware of this than our nation’s youth. Young people today will most likely become the first generation in US history not to surpass their parents’ living standards. Consider the increasing proportion of young adults who are choosing to either remain living with their parents, or move back in with them. Rather than seek new opportunities on their own, they are choosing the security of home and hearth at the expense of their future.
Why is this so? There are many hidden causes, all of which corrode the economic prospects of the up-and-coming generation, and enrich a privileged few. This is not an isolated phenomenon. All across the globe, governments have discarded fiscal responsibility in favor of short-term spending on war, welfare, and bailouts.
It’s easy to see that this behavior will be costly, but not all groups are equally burdened. Government accounting wizardry and fiat money can hide the decline for a while, but the price must ultimately be borne by those who will inherit the inevitable crisis. The excesses of the older generations will come at the expense of the wealth and opportunity of the younger generations.
If you read nothing else today, be sure to read this. The Boomers and their interventionist policies look more hideous in the context of this article than they do in bathing suits.
Source:
The War on the Young (Mises.org)