Friday, April 29, 2011

The closest I've ever come to understanding economics - via hiphop music videos by rapping white guys.

Although, big picture, all economics is black magic fairytales, consensus delusions and circle jerks about what constitutes "value" and "worth" - I lean towards the more unpopular Hayek because Keynesian economics emphasizes a hubristic notion that we're somehow smart enough to know and account for all variables - and then control them to the intended outcomes desired by small groups of central planners.  One'd think that if we learned nothing from the fall of the USSR is that centrally planned economies are doomed.  [And yes, China is unsustainable as well.]

The only bit of wisdom I've managed to latch onto in my limited time on the planet is that no one ever knows as much as they think they do, and you can't control nearly as much as you think you can.

Regardless, these are really funny, well produced and entertaining...

The newly released "Round Two" sequel.


The original, from last year.

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