Economic philosophy rap (interest, economics, between, exam)

[user_id]

This is brilliant


http://www.youtube.com/watch?v=d0nERTFo-Sk

[bale002]

For some of us old farts who learned standard US English in the mid-20th century or thereabouts, the language in this video, and especially style in which it is delivered, is utterly incomprehensible, even painful to endure.

Sincerely.

Please render a pithy translation, in proper standard written US English, of the main points, it sounds like it may be an interesting debate.

[user_id]

Originally Posted by bale002

For some of us old farts who learned standard US English in the mid-20th century or thereabouts, the language in this video, and especially style in which it is delivered, is utterly incomprehensible, even painful to endure.

Oh geez...is this serious?

Originally Posted by bale002

Please render a pithy translation, in proper standard written US English, of the main points, it sounds like it may be an interesting debate.

It is intended to be humorous rap between competing economic philosophers. I suppose you'd have to both know about these economic theories and have a sense of humor to enjoy the video. The issues are presented with great accuracy though.

[Sandpointian]

Originally Posted by user_id

This is brilliant


http://www.youtube.com/watch?v=d0nERTFo-Sk

Great post!

S.

[bale002]

Originally Posted by user_id

Oh geez...is this serious?



It is intended to be humorous rap between competing economic philosophers. I suppose you'd have to both know about these economic theories and have a sense of humor to enjoy the video. The issues are presented with great accuracy though.

Serious as death: no sense of humor, rap culture utterly foreign (ancient Greek more at home for me), no interest in acclimating.

I have been exposed to basic Keynes as part of economics courses, I have read some of Hayek's books, the one on interest rates (Monetary Theory and the Trade Cycle, I believe) particularly useful, in proper English.

So, please, for the purposes of meaningful debate, summarize the main issues, side-by-side, with great accuracy.

[user_id]

Originally Posted by bale002

So, please, for the purposes of meaningful debate, summarize the main issues, side-by-side, with great accuracy.

The video does it quite well.

[StoneOne]

Originally Posted by user_id

The video does it quite well.

I have to agree - very little of the language strays from the language of economic philosophy. I have a feeling its the delivery that's proving distracting.

Brilliant video, thank you.

[le roi]

Originally Posted by bale002

For some of us old farts who learned standard US English in the mid-20th century or thereabouts, the language in this video, and especially style in which it is delivered, is utterly incomprehensible, even painful to endure.

There is nothing but standard American English in that video.

You don't like the music, that is fine, duly noted.

I thought it was funny and informative.

[user_id]

The video is just rather clever. Hayek's reaction to Keynes partying, Keynes with a hang over, etc. These all have deep meanings in the corresponding economic theories.

Its clever all around.

[bale002]

Originally Posted by StoneOne

I have to agree - very little of the language strays from the language of economic philosophy. I have a feeling it's the delivery that's proving distracting.

Exactly, just can't relate to the delivery, utterly foreign to my ears; like fingernails on a chalk board, found it actually painful to endure, had to shut it off, sorry.

The point is, to have a debate on the question: at what point, if any, is the US on the pendulum between Keynesian and Hayekian (adjective for Hayek?) policies?

To what extent can we assert that the monetarist/supply-side policies of the late 1980s, for example, were Hayekian? To what extent were they successful?

Assuming, then, that the structure of the question has validity, how strong is the momentum in the current direction, and what potential is there for it swing back the other way?

What are the consequences of going too far in either one or the other direction?