In “Fear the Boom and Bust,” John Maynard Keynes and F. A. Hayek perform a gangsta rap about their competing economic theories:
John Maynard Keynes, wrote the book on modern macro
The man you need when the economy’s off track, [whoa]
Depression, recession now your question’s in session
Have a seat and I’ll school you in one simple lesson
BOOM, 1929 the big crash
We didn’t bounce back–economy’s in the trash
Persistent unemployment, the result of sticky wages
Waiting for recovery? Seriously? That’s outrageous!
I had a real plan any fool can understand
The advice, real simple–boost aggregate demand!
C, I, G, all together gets to Y
Make sure the total’s growing, watch the economy fly