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Bling, babes, and John Maynard Keynes

A rap video to explain why fiscal stimulus doesn't work? Bring it on!

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In the course of offering a behind-the-scenes look at how talking heads get booked for television shows, Bruce Bartlett presents an eye-opening e-mail that a friend of his, economist Richard Rahn, recently received from The Newshour with Jim Lehrer explaining why he had been bumped from the show.

“We just learned that Russ Roberts, a professor of economics at George Mason University, who was our second choice for the anti-Keynes position, is shooting a rap video about Keynes and Hayek next week in New York. He has written the lyrics (they are quite good), hired rappers and musicians, and tapped professional music video producers — there will be bling, babes, limos, the works.”

(Free Exchange informs us that Russ Roberts’ previous claim to fame was “The Choice: A Fable of Free Trade and Protectionism” — in which “David Ricardo acts as a sort of ghost of economists past, who reveals to a manufacturer supportive of protectionist policies the horror of a world in which they’re enacted.)

HTWW promises to provide a fully-considered review of this “rap video” when it is available for public viewing, even though it’s fair to say that my taste runs more to the pro-fiscal policy stimulus crunk than tired old crass gangsta “I’m all about the price mechanism” Hayekianism. But while we’re waiting, I think we can have some fun imagining how Keynes would roll if he here alive today, trying to get his message across via hip hop.

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I’m the Notorious J.M.K. and I’m here to play
Don’t believe the haters when they tell you I’m gay
Just know that the government has a role to play
If, after a crash, you wanna brighter day

Then he dies in a hail of gunfire from a Milton Friedman and Friedrich Hayek driveby. But bullets can’t stop the Master. He’ll be back.


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