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| Tweet Topic Started: 31 Jan 2010, 19:15 (99 Views) | |
| Lord Tothe | 31 Jan 2010, 19:15 Post #1 |
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Evil Dictator-For-Life of AWP
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... in a rap anthem! http://econstories.tv/home.html We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason to fear it [Hayek] Blame low interest rates. [Keynes] No… it’s the animal spirits [Keynes Sings:] 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 We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason to fear it [Hayek] Blame low interest rates. [Keynes] No… it’s the animal spirits You see it’s all about spending, hear the register cha-ching Circular flow, the dough is everything So if that flow is getting low, doesn’t matter the reason We need more government spending, now it’s stimulus season So forget about saving, get it straight out of your head Like I said, in the long run—we’re all dead Savings is destruction, that’s the paradox of thrift Don’t keep money in your pocket, or that growth will never lift… because… Business is driven by the animal spirits The bull and the bear, and there’s reason to fear its Effects on capital investment, income and growth That’s why the state should fill the gap with stimulus both… The monetary and the fiscal, they’re equally correct Public works, digging ditches, war has the same effect Even a broken window helps the glass man have some wealth The multiplier driving higher the economy’s health And if the Central Bank’s interest rate policy tanks A liquidity trap, that new money’s stuck in the banks! Deficits could be the cure, you been looking for Let the spending soar, now that you know the score My General Theory’s made quite an impression [a revolution] I transformed the econ profession You know me, modesty, still I’m taking a bow Say it loud, say it proud, we’re all Keynesians now We’ve been goin’ back n forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason to fear it [Keynes] I made my case, Freddie H Listen up , Can you hear it? Hayek sings: I’ll begin in broad strokes, just like my friend Keynes His theory conceals the mechanics of change, That simple equation, too much aggregation Ignores human action and motivation And yet it continues as a justification For bailouts and payoffs by pols with machinations You provide them with cover to sell us a free lunch Then all that we’re left with is debt, and a bunch If you’re living high on that cheap credit hog Don’t look for cure from the hair of the dog Real savings come first if you want to invest The market coordinates time with interest Your focus on spending is pushing on thread In the long run, my friend, it’s your theory that’s dead So sorry there, buddy, if that sounds like invective Prepared to get schooled in my Austrian perspective We’ve been going back and forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason to fear it [Hayek] Blame low interest rates. [Keynes] No… it’s the animal spirits The place you should study isn’t the bust It’s the boom that should make you feel leery, that’s the thrust Of my theory, the capital structure is key. Malinvestments wreck the economy The boom gets started with an expansion of credit The Fed sets rates low, are you starting to get it? That new money is confused for real loanable funds But it’s just inflation that’s driving the ones Who invest in new projects like housing construction The boom plants the seeds for its future destruction The savings aren’t real, consumption’s up too And the grasping for resources reveals there’s too few So the boom turns to bust as the interest rates rise With the costs of production, price signals were lies The boom was a binge that’s a matter of fact Now its devalued capital that makes up the slack. Whether it’s the late twenties or two thousand and five Booming bad investments, seems like they’d thrive You must save to invest, don’t use the printing press Or a bust will surely follow, an economy depressed Your so-called “stimulus” will make things even worse It’s just more of the same, more incentives perversed And that credit crunch ain’t a liquidity trap Just a broke banking system, I’m done, that’s a wrap. We’ve been goin’ back n forth for a century [Keynes] I want to steer markets, [Hayek] I want them set free There’s a boom and bust cycle and good reason to fear it [Hayek] Blame low interest rates. [Keynes] No it’s the animal spirits “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” John Maynard Keynes The General Theory of Employment, Interest and Money “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” F A Hayek The Fatal Conceit |
| "Mighty little force is needed to control a man whose mind has been hoodwinked; contrariwise, no amount of force can control a free man, a man whose mind is free. No, not the rack, not fission bombs, not anything — you can't conquer a free man; the most you can do is kill him." ~ Robert A. Heinlein | |
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| Neasmyrna | 31 Jan 2010, 21:59 Post #2 |
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Founder of 00000 A World Power
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Very good actually... and yes i did read the whole thing ![]() Not perfect.... but good (the words... I didn't listen to it with the music). EDIT: watched the movie this time ![]() So yeah... still good but went a little too hard on Keynes... right now (almost as usual in sciences) it looks like a hybrid of classical and Keynesian is the most popular idea about administrating public policy. |
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The bestest guy you ever new about!!! & The founder of 00000 A World Power! %mh%-91436%mh% | |
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| Lord Tothe | 12 May 2010, 19:58 Post #3 |
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Evil Dictator-For-Life of AWP
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bwahahahahaha. bump. |
| "Mighty little force is needed to control a man whose mind has been hoodwinked; contrariwise, no amount of force can control a free man, a man whose mind is free. No, not the rack, not fission bombs, not anything — you can't conquer a free man; the most you can do is kill him." ~ Robert A. Heinlein | |
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| Ten Stars | 18 May 2010, 01:13 Post #4 |
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The Man, The Myth, The Legend
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I want to be the best, there ever was. To beat all the rest, yeah that's my cause! Electrode, Diglett, Nidoran, Mankey. Venusaur, Rattata, Fearow, Pidgey. Seaking, Jolteon, Dragonite, Gastly. Ponyta, Vaporeon, Polywrath, Butterfree! Catch 'em, catch 'em, gotta' catch 'em all! Pokémon! I'll search across the land, look far and wide. Release from my hand, the power that's inside! Venomoth, Poliwag, Nidorino, Golduck. Ivysaur, Grimer, Victreebell, Moltres. Nidoking, Farfetch'd, Abra, Jigglypuff. Kingler, Rhydon, Clefable, Wigglytuff! Catch 'em, catch 'em, gotta' catch 'em all! Gotta' catch 'em all! Pokémon! Zubat, Primeape, Meowth, Onix. Geodude, Rapidash, Magneton, Snorlax. Gengar, Tangela, Goldeen, Spearow. Weezing, Seel, Gyarados, Slowbrow! Gotta' catch 'em all, gotta' catch 'em all! Yeah! Gotta' catch 'em all, gotta' catch 'em all! Yeah! Gotta' catch 'em all, pokémon! Ow! Kabuto, Persian, Paras, Horsea. Raticate, Magnemite, Kadabra, Weepinbell. Ditto, Cloyster, Caterpie, Sandshrew. Bulbasaur, Charmander, Golem, Pikachu!!! At least 150, or more to see. To be a pokémon master is my destiny! Alakazam, Doduo, Venonat, Machoke. Kangaskhan, Hypno, Electabuzz, Flareon. Blastoise, Polywhirl, Oddish, Drowzee. Raichu, Nidoqueen, Bellsprout, Starmie! Woo! We're at the half-way point. Doin' great so far! What's all this 'we stuff?' I'm doin' all the hard work! Break time's over. Here we go! Metapod, Marowak, Kakuna, Clefairy. Dodrio, Seadra, Vileplume, Krabby. Likitung, Tauros, Weedle, Nidoran. Machop, Shellder, Porygon, Hitmonchan! Gotta' catch 'em all, gotta' catch 'em all! Yeah! Gotta' catch 'em all, gotta' catch 'em all! Yeah! Articuno, Jynx, Nidorina, Beedril. Haunter. Squirtle. Chansey! Pokémon! Parasect, Exeggcute, Muk, Dewgong. Pidgeotto, Lapras, Vulpix, Rhydon! At least 150, or more to see. To be a pokémon master is my destiny! Charizard, Machamp, Pinsir, Koffing. Dugtrio, Golbat, Staryu, Magikarp. Ninetails, Ekans, Omastar. Scyther, Tenatcool, Dragonair, Magmar! Woah! Catch yer breath, man. Shake out those lipsi t's downhill from here. Just 24 more to go! Now it gets tricky - so listen real good! Sandslash, Hitmonlee, Psyduck, Arcanine, Eevee, Exeggutor, Kabutops, Zapdos, Dratini, Growlithe, Mr. Mime, Cubone, Graveler, Voltorb, Gloom!!! We're almost home! Gotta' catch 'em all, gotta' catch 'em all! Yow! Gotta' catch 'em all, gotta' catch 'em all! Huh! (Gotta catch 'em all pokémon, yeah) Charmeleon! Wartortle! Mewtwo, Tentacruel, Aerodactyl. Omanyte! Slowpoke! Pidgeot, Arbok, that's all folks! Catch 'em, catch 'em, gotta' catch 'em all! Oooh, gotta' catch 'em all, pokémon! Catch 'em, catch 'em, gotta' catch 'em all! Oooh, gotta' catch 'em all, pokémon! Catch 'em, catch 'em, gotta' catch 'em all! Gotta' catch 'em all! Pokémon! |
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Most Posts In One Day: 156 (Oct 29, 2009) Best Newcomer 2009 | |
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| Bassyruk | 18 May 2010, 01:37 Post #5 |
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AWP Stalwart
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........... WERE NOT GONNA TAKE IT ANYMORE |
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| greekamerican | 18 May 2010, 05:11 Post #6 |
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Semi-Important
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uhhhhh ok |
| Goneish%mh%-6190%mh% | |
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| AP3 10 | 18 May 2010, 14:39 Post #7 |
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AWP Veteran
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It is a great vid. |
AP3 10 ![]() WA Member AWP Citizen, Service in the Legislature, Military, Economic and Diplomatic Services. Sergeant (SGT) of AWP RDF: Ex-Citizen of The Anumist Alliance, Hethrum and Nova Imperium | |
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