Thursday, October 14, 2010

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

Added Bonus: How Obama and US Bankers will trash the US Dollar, after the 11/2/10 General Election

Hey folks! Check this great video out, wherein mainstream economist John Maynard Keynes dramatically battles it out, "rap" style, with the brilliant Nobel Prize winning Austrian School economist, F.A. Hayek:

As an added bonus, here's the story about how the Obama administration (along with the US banking industry) intend to crank up the monetary printing press, reject Hayek and apply Keynesian principles to turn US Dollars into trash in November (after the 11/2/10 election.) Here's the lede:
It’s amazing, given the attention the Tea Party allegedly is paying to government waste and government spending, that there hasn’t been more controversy about the now-seemingly-inevitable arrival of “QE2” – a second massive round of money-printing cooked up by the Fed to prop up both the government and certain sectors of the economy. A more overtly anticapitalist and oligarchical pattern of behavior than the Fed’s “Quantitative Easing” program could not possibly be imagined, but the country is strangely silent on the issue.
Read the full article here:
The Fed's Magic Money-Printing Machine, Act 2
Reader comments are invited, of course.


Emperor of the North said...

Yes, we gave government the power to print money almost 100 years ago.

What happened?

Money lost 97% of its value since then. It was stolen from savers.

Government grew by several factors of 10.

Banking became the "life blood" of the economy.

And that yellow and silver stuff grandma used to have - those barbarous relics - what happened to them?

They are still money. The only real money.

How can money be valued, when unelected bureaucrats can create and spend it at will?

We will get to live in very interesting times.

Jesus said...

Print more money. Use it to make sure everyone on the planet can earn a living wage.
Let the chips fall where they may.

What will it cost us said...

Looks like a neo-con scare tactic if the Democrates keep control, watch out.....

I'm so tired of the false commercials out right now, mostly Republician with secret donors. If you keep sending out a lie over and over, soon they will believe it.

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