Music Videos on Boom and Bust

John Papola and Russ Roberts just put their Hayek versus Keynes rap video on youtube. It’s called “Fear the Boom and Bust.” But also go to their web page EconStories which has much more.

Also today PBS NewsHour aired a new Paul Solman video Unmasking Interest Rates: Honky-Tonk Style, which features Merle Hazard singing “Inflation or Deflation” along with me teaching Stanford Economics 1 students about monetary policy rules and the danger of keeping interest rates too low for too long.

Observe that the theme of both videos is that very low interest rates are a source of booms and busts.

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