May. 25th, 2012

peristaltor: (Default)




According to the credits, Russ Roberts helped with the lyrics. From what I've heard of him, he's a Friedman-esque monetarist in the neo-classical tradition. No wonder the subject of debt never came up, and Hayek seemed to gain acceptance in the end of the second vid.

Do it right next time, Russ. Read your Schumpeter, study your Fisher, memorize your Minsky. Above all, forget the frickin' equilibrium, 'cause it don't exist.

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peristaltor

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