Valedictorian Speaks Out Against Schooling

State of the Nation That’s Fear the Boom and Bust by film maker John Papola and George Mason University economist Russ Roberts. They’ve distilled eight decades of economic debate into 5:26 of rap, been translated into a dozen languages (including Estonian "Karda buume ja surutisi") and have racked up almost a million YouTube hits. But what does it mean? The rap is dense with economics and in-jokes. It almost requires an graduate degree to get everything. If you don’t know a liquidity trap from a malinvestment, if you think the Austrian School is where you learn to shred moguls, this Cliff Note’s version might help. Somebody Give Me A Beat John Maynard Keynes, F.A. A century? But “We’ve been going back and forth for 80 years starting with our debates over various economic paradoxes near the beginning of the Great Depression.” is a terrible way to start a rap. [Keynes] I want to steer markets. Keynes and Hayek are the archetypes of two very different schools of economic thought. C to the I to the G to the Y.