Fear the Boom and Bust
Fear the Boom and Bust | |
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Produced by | John Papola |
Cinematography | Billy Scafuri, Adam Lustick |
Release date |
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Running time | 7:33 |
Fear the Boom and Bust is a 2010 hip hop music video in which 20th century economists John Maynard Keynes and Friedrich von Hayek (played by Billy Scafuri and Adam Lustick, respectively) take part in a rap battle discussing economics, specifically, the boom and bust business cycle, for which the video is named. The video has more than seven million views on YouTube.
Overview
![](https://upload.wikimedia.org/wikipedia/commons/thumb/0/04/Keynes_1933.jpg/170px-Keynes_1933.jpg)
![](https://upload.wikimedia.org/wikipedia/commons/thumb/7/7f/Friedrich_Hayek_portrait.jpg/170px-Friedrich_Hayek_portrait.jpg)
The video was created by former Spike TV creative director and co-founder of the production company Emergent Order, John Papola, and economist Russ Roberts[1] of the George Mason University Mercatus Center.[2] Billy Scafuri and Adam Lustick, who are comedians with the Harvard Sailing Team[3] and Upright Citizens Brigade,[4] play Keynes and Hayek respectively.
Sequel
In April 2011, a follow-up music video called Fight of the Century: Keynes vs. Hayek Round Two was released. This video examines the two economists' responses to the Great Recession. The central question in the video is whether a successful economy results from a "more bottom up" (i.e. totally free market) or "more top down" (i.e. Economic interventionism) approach.
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