“We are all Keynesians now” quothed first Friedman, then Nixon going off the gold standard in 1971, and now the followers of Bush’s and Obama’s quantative easing money printing schemes. All quothed in despair, because only a fool cannot see that unlimited use of the money print will lead to hyperinflation. So, here we are in 2010, stimuli a la Keynes or sound economics with the Astrian School? Well, time will tell if we wise up. Enjoy this funny, yet thoughtful, rap video.
“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”
