Published January 23, 2010 Genre Educational hip hop | Recorded 2010 Length 07:33 | |
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Released January 23, 2010 (2010-01-23) Writer(s) John Papola and Russ Roberts | ||
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 five million views on YouTube.
Contents
Overview
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 of the George Mason University Mercatus Center. Billy Scafuri and Adam Lustick, who are comedians with the Harvard Sailing Team and Upright Citizens Brigade, play Keynes and Hayek respectively.
Sequel
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.