How little we really know

As the economic theories of F.A. Hayek and John Maynard Keynes get revisited amid the worst financial crisis in generations, one film producer decided a music video would be a great way to explain the money problems facing the nation. Fear the Boom and Bust shows the 20th century economists (‘taches and all) trading their views on markets and policy by spitting 21st century-styled lyrics back-and-forth in a rap video (what else?). Additional mini-documentaries are available at Econstories.tv. The video concludes that we, in fact, know little about how to control economic activity. But if there’s one thing market observers do know, it’s how to film a rap video and put it on YouTube. Hmm, to Auto-Tune or not to Auto-Tune? That is the question. Write to Jason Philyaw.