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Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two

Radical Discourse 5 views

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Our team has been TOILING to deliver the best conversation starter on the immigration debate--BATTLE OF THE BORDERS--and it’s a brand new rap video brbr youtube/VS8SdwzlKCQbrbrIt’s been a while since we took the most contentious issue of our time and produced a radical rap battle with textbook-grade rhetoric but desperate times call for the return of discourse Radical Discourse! We’ve re-branded the (formerly EconStories) channel here as we gear up to continue producing more videos like this one on a range of topics that matter to us allbrbrClick the link, watch the video, and have at it in the comments We’ll be launching supporting interviews and new content, as well as all our supporting research, in the weeks and months ahead
Comment from : @RadicalDiscourse

Gotta love Hayek 🤙🏻🫶🏻
Comment from : @Ethelinee

Keynes wins, neoliberalism has ruines your lives and you all still cheer for it 💀
Comment from : @francisco4994

Say it loud, say it proud; We're all Hayekites now
Comment from : @MarkRyanSchulz

Aged like fine wine
Comment from : @ThomasUmstattd

Hayek
Comment from : @iliatsiklauri4317

I want one set in the last few years, in which Lord Keynes gives props to the Feds’ COVID response and Dr Hayek makes a case that the inflation shows that that had made economic conditions worse
Comment from : @jameswilkerson4412

😆4:12 Thomas Robert Malthus brHonestly, I miss studying economics I was lucky enough to have some great profs
Comment from : @sydsalmon479

Wow 13 years and these are still two of my favorite songs I listen to all the time
Comment from : @batcivic

Keynes won
Comment from : @alt-monarchist

Very catchy rap battle but they clearly don't actually understand Keynesian economics
Comment from : @moriden22

Funny how Hayek is less known But every politician and there mother did applied his politics
Comment from : @nicolasribard1519

Mises would have wiped the floor
Comment from : @Deco1ze

Now do Marx
Comment from : @michaelf7093

13 years later and still a banger :) And in typical ERB fashion, I vote Hayek as the winner of this rap battle
Comment from : @Silver_Chivalry

This chorus is still such a banger!
Comment from : @AlldeLucas

So what does hayek want to do to help unemployed
Comment from : @Xilir2009

"The great recession ended in '09"brLol that didn't exactly age well
Comment from : @johnteixeira1791

This is a masterpiece
Comment from : @pedropoletocorvetto5461

Of course even Keynes said to pay back the borrowing when the good times come, and these chump politicians we've got don't even do that Borrow always? That's enough to put Keynes on Hayek's side
Comment from : @markstory5255

Here in 2025 I can safely say that Hayek was right about 2009 We are still trying to run from the the Great financial crisis with government spending It's just been a bunch of crony capitalism, inflation and building to another bubble for over a decade
Comment from : @gamesnstuff657

all i gotta say is BARRRRS 🔥
Comment from : @BigRedd515

All social programs are a net negative
Comment from : @shotgunjack1880

I still listen to this all the time I was 5 when it came out
Comment from : @sajsgaming666

Reading about how economics actually works and realizing Hayek was a turbo dumbass and Keynes was sort of right but also a dumb elitist asshole who was wrong a lot too
Comment from : @trevor6757

It's very good, but the conclusion is wrong Keynes said what Governments wanted to hear He may have won the battle, but he lost the economic war in the long run, Hayek was correct
Comment from : @colinrhodes1838

Here, in Jannuary 2025
Comment from : @nkabessa

Watching this after getting an economics degree compared to beforehand (I first discovered these videos in high school) makes me realize just how badly Keynes actually gets rhetorically kneecapped here Firstly, modern economics and econometrics isn't particularly interested in pure Keynesianism anymore The modern school of thought is called neoclassical synthesis, and if you take an advanced micro class you will be surprised at how much of the base material underlying all of modern economics just sounds like mathematically formalized Austrian thought Today, Hayek's seminal Use of Knowledge paper is widely respected and seen as very important Secondly, Keynes' lines often distort or exaggerate things he did or even did not say to make them sound more arrogant and less nuanced than his views actually were The extent to which Keynes and Keynesian economists actually sincerely believed that war is unambiguously good for the economy (without nuance, namely that it was good *for that specific domestic economic situation*, allowing Hayek to tear down a strawman) or that the broken window fallacy isn't real (again without nuance, namely involving the theory of idle or unused capital, allowing Hayek to again tear down a strawman) is really oversold So yeah, not super thrilled with these videos anymore
Comment from : @Musicrafter12

Ferry irwandi vs Timoty ronald brbrbraawkoakowka fak
Comment from : @fachzx

1:50
Comment from : @emer2475

I need it
Comment from : @gokanustun9807

Afuera!
Comment from : @phatpat63

"put away the wrenches the economy's organic" is such a raw line
Comment from : @shragamildiner8472

Viva la libertad carajo 🇦🇷🇦🇷🇦🇷
Comment from : @asdfg810

ej lubicie ogurki
Comment from : @OGURIGOR-v6o

amogius
Comment from : @OGURIGOR-v6o

In order to have political understanding one must first have an understanding of economics; of political philosophy, of the nature of government, of history and the nature of man brIf policemen, firemen and nurses understood the Battle portrayed in this video we could transform the world However, no real effort is put forward in that regard Eliminate "The Fed" - obviously, and eliminate the department of education All schools should be private - eliminate the property taxes that support the government schools as well Ideas beat armies
Comment from :

I believe Keyes was a realist knowing that majority of people are dumb and need guidance and Hayek was an idealist believing people are smart enough to make their own good choicesbrIt turned out that Keyens’ ideas were the idealistic and Hayek’s being the realistic We forgot that people are dumber than we thought and politicians are greedier than we thought
Comment from : @bbol999

Central banking was our demise We need to start over
Comment from :

This eats so hard no crumbs🫶 I love my Econ professor for linking this
Comment from : @hermionegranger5530

You listen to this because of economic lessons and funny parodies I listen to this because I genuinely like the melody We are not the same
Comment from : @SKyrim190

So governments bailing out the banks and motorcar industries in 2009 was a Keynesian move, right?
Comment from : @ulalaFrugilega

read "The Fatal Conceit" by Hayek, and "Philosophy: Who needs it" by Ayn Rand and things around you start to make sense Can't believe this video is reaching 15 years old Ron Paul should have won
Comment from : @Digimess88

Bring on round 3 with covid!
Comment from : @gsbarlow4

"I want plans by the many not by the few"brExactly the opposite of unbridled capitalism gets you
Comment from : @noneofyourbusiness6269

Becoming relevant again with wars involving Russia/Ukraine, Israel/Palestine , China/Taiwan
Comment from : @theLiquidforce142

I’ve seen this video numerous times over the years and just noticed the other economists in their corners during the fight
Comment from : @Gythem

Very creative ! Kudos
Comment from : @VonKirda

Because this video represents a neoliberal Keynesianism, but he was a social democrat
Comment from : @Nobod7yyhgjod

I found this battle thanks to the president of Argentina, Javier Milei, before Milei the only ones known were Keynes and Marx, no one talked about Hayec or Friedman, all the problems that brought Argentina 60 years of Keynesian policies are visible, in the 40s Argentina was among the 10 richest countries in the world surpassing Germany, Italy, France, is currently ranked 60th out of 190 countries
Comment from : @claudiopiazza3793

We need part 3 now more than ever
Comment from : @pauld5185

💙💙💙 Be Blessed I enjoyed the Informative and Witty Rap Battle
Comment from : @STILLSTANDING23913

I love the symbolism of this battle Hayek destroys Keynes, but the media, politicians and Wall Street declares Keynes the winner, because his ideas ultimately serve the interests of those in power
Comment from : @Pau11Wa11

Hayekdied in 1992
Comment from : @saulgoodman5678

lol Keynes has been dead since 1946
Comment from : @saulgoodman5678

An interesting rap battle could be Hayek vs Röpke
Comment from : @josetomashargousfuentes7141

i think thinga like govt and walmart run on large systems, and would benefit from keynes i think the bootstrappers would benefit from the hayek pov we need both- if your bank loses all ur moneythats everyones problem i think education could benefit from bootstrap solutions such as hayek suggests
Comment from : @TheChessVagrant

Hayek got the best lines
Comment from : @joezawinulreviewsandreacti2509

We're going to relearn these lessons
Comment from : @tschandler2

The end of WW2 did cause a depression, objectively
Comment from : @theklorg305

World's shortest IQ test: Who is (more) correct, Keynes or Hayek?
Comment from : @negativevariance1363

5:39 Keynes: Whats your solution? You seem to avoid this questionbrbrHayek: bavoids question, and says wants REAL plan/bbrbrTypical
Comment from : @Dharmaaaaaa

Suggest by sujan sir
Comment from : @CR7airlines

We need to go back to small government, and the classic economy model
Comment from : @gordoncarpenter2709

The argument breaking problem with the Austian school:brbrI know how much you'd like to live in a Hayek model of economy, but for that model to work, several geneartions have to sacrifice their livelihood and prosperity towards reaching economic equilibrium brbrAnd the generation that starts an Austrian model, gets the worst of it Are you truly willing to be that first generation? And why would any entire generation sacrifice themselves and thier families, for the sake of their non-existing descendants who live 100-300years into the future? Wouldn't it be fairer if we just split the burden?
Comment from : @sammysuri393

Uneducated opinion: Keynes is correct, but on the condition the rich have the interests of the economy in mind and not a quick buck
Comment from : @BaxxyNut

I watched this about 10 years ago and honestly I didn't really get it I just just started my journey learning about Austrian (real) economics Now I regularly read The Misesian (formerly the Austrian) and I listen to lectures from the Mises Institute at least once a week I'm glad i kept this video around I understand much better And I'm madder than ever
Comment from : @seaofglass77

We need actual capitalism, not this weird mixture of government spending that props up companies that should be allowed to fail so something more efficient can replace it and debt that keeps on funding big corporations instead of small businesses that allow more jobs
Comment from : @youarelovesbeloved

It’s been 13 years and I’m just realizing that Prof Ed Stringham is the first reporter to talk to Keynes after the battle ends‽‽‽ Love that guy!
Comment from : @AnthonyVArdizzone

Every detail has so much meaningbrMan you did a masterpiecebrFound as a teenagerbrNow by this I will teach my wife and doughter about economybrThanks masters 🙂
Comment from : @PL_chochlikman

This was required to watch for my MASTERS!!! lmao
Comment from : @JS-by1ej

We need more parts in this series, only if we could crowd source more verses to put together a pt 3 Internet do your thing br👇👇👇👇
Comment from : @lasaventurasdevitoelgatoma3405

It’s 2024 This is basically the only way to convince ppl that Keynesian economics is a failed theory
Comment from : @timothypineault

Yo, 6:35 that's a bar "The economy is not a class you can master in college to think otherwise is a pretense of knowledge"
Comment from : @moribundmurdoch

So much inflation now
Comment from : @ADerpyReality

Hayek wanted a better economy for a better world without WAR
Comment from : @manvspower313

Fix the money Fix the world!
Comment from : @investorbettor505

Bitcoin
Comment from : @kha_2428

In round three professor Michael Munger's role should be long enough
Comment from : @iarpit

What about the 3rd round???
Comment from : @SirGabrielBohrer

banger
Comment from : @bigHan-Lil-y

It's honestly a tragedy how well this aged brbrKeynes will go down in history alongside Marx by the time this whole thing shakes out brbrSee you in the comments 13 years from now!
Comment from : @daftend

I'm still here wating for round 3
Comment from : @kilocesar

2:01 "FA Hayek: We brought out the shovels and we're still in a ditch and still diggingbrDon't you think it's time for a switch from the hair of the dog?brFriend, the party is overbrThe long run is here, it's time to get soberbrbr3:42 FA Hayek: Creating employment's a straightforward craftbrWhen the nation's at war and there's a draftbrIf every worker were staffed in the army and fleetbrWe'd have full employment and nothin' to eatbrbr5:33 Keynes: So what would you do to help those unemployed?brThis is the question you seem to avoidbrWhen we're in a mess, would you have us just wait?brDoing nothing until markets equilibrate?brbrFA Hayek: I don't wanna do nothing, there's plenty to do!brThe question I ponder is: who plans for whom?brDo I plan for myself, or leave it to you?brI want plans by the many, not by the fewbrLet's not repeat what created our troublesbrI want real growth, not a series of bubblesbrStop bailing out losers, let prices workbrIf we don't try to steer them, they won't go berserk"
Comment from : @frejschmitz9200

S/o to Mike Munger the security guard, my first intellectual hero
Comment from : @CarliMichelle

Team Heyek since 1985! 😘👍
Comment from : @katrinschiele8001

Who's here because of your economics class?
Comment from : @Megan_NotStevenHeseditor

I like how red-pills think Hayek is correct, until the 2 models are put in practice
Comment from : @Nobod7yyhgjod

I thought 1066 was funny as that is the year of the battle of hastings The battle they had is just as significant
Comment from : @christianchellis9057