friedrich a hayek

Hayek vs. Keynes Rap Battle–Fear the Boom and Bust

by Ryan Lynch on January 25, 2010 · 1 comment

in Culture, Odds & Ends, Zeitgeist

Sit back for a moment and read the title of this blog post again. Let it sink in.

A new video just released by Econstories.tv, a project of The Mercatus Center, explores the basis of both Hayek and Keynes economic theories in classic west coast rap style.  Co-written by Russ Roberts, also host of the EconTalk podcast, this video is attempting something difficult: Finding  ways to expose a new audience to the philosophy of free markets.

Hayek on Freedom

by Ryan Young on January 4, 2010

in Odds & Ends, Personal Liberty, Sanctimony, Zeitgeist

Think for a minute about how progress is made. It doesn’t follow a constant, linear path. It is unpredictable. It comes in violent fits and starts. It happens at the whim and fancy of genius.

Everyday life is much the same. Life is what you make of it. You have to be free to find what’s best for you. That means making wrong choices sometimes. It means not just trial, but error. Or, as Hayek put it:

“If we knew how freedom would be used, the case for it would largely disappear… It is therefore no argument against individual freedom that it is frequently abused.”

-F.A. Hayek, The Constitution of Liberty, p. 31.