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Hayek vs. Keynes: The Second Round!

Remember the Hayek-Keynes Rap from John Papola, Russ Roberts, and EconStories? Well, they have posted their second video on Youtube just today.

What an amazing exposition of Austrian economics ideas, plus some cultural criticism while we’re at it. The video touches on the fallacy that war brings prosperity, the pretense of knowledge, the failure of central planning, how laissez faire lets us serve one another better – the list goes on and on. I love the end of the video, when all the young people go to Hayek, while its clearly the banksters, media fools, and corporatists go to Keynes.

Congratulations, John Papola, you have done it again. You are a libertarian hero of our time.