Rap Your Mind Around These Reservation Prices

About a year after I declared my economics major, my friend Austin introduced me to a piece of the internet I’d never before seen…economics raps. The first one he showed me was called “Fear the Boom and Bust” and features Keynes and Hayek battling over how to respond to economic crises. The creators, John Papola and economist Russ Roberts, actually ended up producing a second video, featuring lyrics such as: [Keynes] We could’ve done better had we only spent more. Too bad that only happens when there’s a world war… [Hayek] The lesson I’ve learned: it’s how little we know The world is complex, not Continue reading Rap Your Mind Around These Reservation Prices