Keynes vs. Hayek Round Two

Nothing to do with space policy or technology, but this has to be one of the most brilliant music videos I’ve ever seen:

Someone actually made a rap video that I not only watched all the way through, but watched again. Alas, the ending seems all too close to reality.

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Jonathan Goff

Jonathan Goff

President/CEO at Altius Space Machines
Jonathan Goff is a space technologist, inventor, and serial space entrepreneur who created the Selenian Boondocks blog. Jon was a co-founder of Masten Space Systems, and is the founder and CEO of Altius Space Machines, a space robotics startup in Broomfield, CO. His family includes his wife, Tiffany, and five boys: Jarom (deceased), Jonathan, James, Peter, and Andrew. Jon has a BS in Manufacturing Engineering (1999) and an MS in Mechanical Engineering (2007) from Brigham Young University, and served an LDS proselytizing mission in Olongapo, Philippines from 2000-2002.
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7 Responses to Keynes vs. Hayek Round Two

  1. Ben Brockert says:

    Have you watched the first one? The Planet Money blog does a good job of keeping up with interesting econ stuff like that.

  2. derek says:

    Why does Keynes have an American accent?

  3. Chris (Robotbeat) says:

    I really, really liked it, too, even though I usually count myself on the side of the Neo-Keynesians (sorry, Jon 🙂 ). Very well done. The more educated people are, the better off we will be.

  4. Henry says:

    I am now waiting for round three!

    For those who missed it, here is round two.

  5. Henry says:

    Ops, I meant round one.

  6. wodun says:

    Keynes has a role to play but it is more complex than saying $1 spent will result in a $1.x multiplier effect. Government spending has to be highly targeted to achieve the greatest multiplier or even get a minimal return.

    Isn’t there an engineering or programming adage where putting more manpower on a job wont necessarily get the job done any faster? Stimulus spending is very similar.

    The production values on these videos is light years ahead of where they were a year or two ago. Both of the rappers made a good case, I guess we will have to see what happens in round 3.

  7. Colin says:

    “Keynes,” made a small error. They had him say, this is an approximate quote but carries the meaning, “What matters is spending. It matter how it’s spent.” John Maynard Keynes would never have supported that statement. To work in Keynes model, any deficit spending NEEDS to go to projects that can help pay the debt down the line. Also crediting the recovery to WWII was more the province of Keynes’ opponents than that of the man himself.

    For better or for worse(both), much of government economic policy(worldwide) had as much to do with Keynes as Reaganomics had to do with Hayek.

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