I’m understandably partial to my video debunking Keynesian economics, and I think this Econ 101 video from the Center for Freedom and Prosperity does a great job of showing why consumer spending is a consequence of growth, not the driver.
But for entertainment value, this very funny video from EconStories.tv puts them to shame while also making important points about what causes economic growth.
The video was produced by John Papola, who was one of the creators of the famous Hayek v Keynes rap video, as well as its equally clever sequel.
Mr. Mitchell, It would be interesting to get your input on this claim that California will have a $1 billion surplus in a couple of years:
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[…] A Perfect Holiday Album for the Keynesians on Your Christmas List […]
[…] Here’s a funny video on Keynesian Christmas carols. And everyone should watch the famous Hayek v Keynes rap video, as […]
[…] for creating the hilarious yet educational videos “Fear the Boom and Bust” and “Deck the Halls with Macro Follies,” Papola provides a simple explanation of the downfall of Keynesian Economics. The title of […]
[…] P.P.S. And for the rest of you readers, the Kronies satire video was produced by John Papola, who gave us the famous Keynes v. Hayek rap contest, followed by the equally entertaining sequel, featuring a boxing match between Keynes and Hayek. And even though it’s not the right time of year, he also gave us the satirical commercial for Keynesian Christmas carols. […]