[00:00.000] 作曲 : John Papola
[00:00.300]
[00:02.000]John Maynard Keynes
[00:04.000]F.A. Hayek F·A·
[00:06.000]Round 2 rap
[00:08.000]Round 2.0 2.0
[00:12.000]Same economists
[00:14.000]Same beliefs
[00:15.000]New microphones
[00:17.000]New moustaches
[00:22.000]Here we are, peace out great recession
[00:24.000]Thanks to me, as you see, we are not in a depression
[00:26.000]Recovery, destiny, if you follow my lesson
[00:29.000]Lord Keynes, here I come, line up for your procession
[00:32.000]We brought out shovels but we are still in a ditch
[00:34.000]And still digging, don’t you think it’s time for a switch?
[00:37.000]From that hair of the dog, friend the party is over
[00:40.000]The long run is here, it’s time to get sober
[00:42.000]Are you kidding? My cure works perfectly fine
[00:45.000]Have a look the Great Recession ended back in 09
[00:48.000]I deserve credits, things would have been worse
[00:50.000]All the estimates prove that and I’ll quote chapter and verse
[00:53.000]The econometricians, they are ever so pious
[00:56.000]Are they doing real science or confirming their bias?
[00:58.000]Their Keynesian models are tidy and neat
[01:00.000]But that top-down approach is a fatal conceit
[01:04.000]Which way should we choose?
[01:07.000]More bottom-up or more top-down?
[01:10.000]The fight continues
[01:12.000]Keynes and Hayek’s second round
[01:15.000]It’s time to weigh in
[01:17.000]More from the top or from the ground
[01:21.000]Let’s listen to the greats
[01:23.000]Keynes and Hayek throwing down
[01:25.000]We could have done better had we only spent more
[01:28.000]Too bad, that only happens when there’s a world war
[01:30.000]You can carp all you want about stats and regression
[01:33.000]Do you deny World War II cut short the Depression?
[01:35.000]Wow, one data point and you are jumping for joy,
[01:38.000]The last time I checked wars only destroy
[01:41.000]There was no multiplier, consumption just shrank
[01:43.000]‘Cause we use scarce resources for every new tank
[01:46.000]Pretty perverse to call that prosperity
[01:49.000]Rationed meat, rationed butter, a life of austerity
[01:52.000]When that war spending ended your friends cried disaster
[01:55.000]Yet the economy thrived and grew faster
[02:02.000]You too, only see what you want to see
[02:05.000]The spending on war clearly goosed GDP
[02:07.000]Unemployment was over, almost down to zero
[02:09.998]That’s why I’m the master, that’s why I’m the hero
[02:12.998]Creating employment is a straightforward craft
[02:15.998]When the nation’s at war, and there’s a draft
[02:17.998]If every worker was staffed in the army and fleet
[02:20.998]We’d have full employment, and nothing to eat
[02:28.998]Which way should we choose?
[02:31.998]More bottom-up or more top-down?
[02:34.998]The fight continues
[02:36.998]Keynes and Hayek’s second round
[02:39.998]It’s time to weigh in
[02:42.998]More from the top or from the ground
[02:45.998]Let’s listen to the greats
[02:48.998]Keynes and Hayek throwing down
[02:49.998]Jobs are the means, not the ends themselves,
[02:52.998]People work to live better, to put food on their shelves
[02:54.998]Real growth means production of what people demand
[02:57.998]That’s entrepreneurship, not your central plan
[02:59.998]My solution is simple, and easy to handle
[03:02.998]It’s spending that matters, why’s that such a scandal?
[03:05.998]Money sloshes through the pipes and the sluices
[03:07.998]Revitalising the economy’s juices
[03:10.998]It’s just like an engine that’s stalled and gone dark
[03:12.998]To bring it to life, we need a quick spark
[03:15.998]Spending is the life blood that gets the flow going
[03:18.998]Where it goes? Doesn’t matter
[03:20.998]Just get spending flowing
[03:21.998]You see slack in some sectors as a “general glut”
[03:23.998]But some sectors are healthy only some are in a rut
[03:26.998]So spending is not free, that’s the heart of the matter
[03:29.998]Too much is wasted as cronies get fatter
[03:32.998]The economy’s not a car, there’s no engine to stall
[03:34.998]No expert can fix it, there’s no “it” at all
[03:37.998]The economy’s us, we don’t need a mechanic
[03:39.998]Put away the wrenches, the economy’s organic!
[03:43.998]Which way should we choose?
[03:45.998]More bottom-up or more top-down?
[03:48.998]The fight continues
[03:51.998]Keynes and Hayek’s second round
[03:53.998]It’s time to weigh in
[03:56.998]More from the top or from the ground
[03:59.998]Let’s listen to the greats
[04:02.998]Keynes and Hayek throwing down
[04:03.998]So what would you do to help those unemployed
[04:06.998]This is the question you seem to avoid
[04:09.998]When we are in a mess, would you have us just wait
[04:11.998]Doing nothing, until market equilibrates?
[04:14.998]I don’t want to do nothing, there’s plenty to do
[04:17.999]The question I ponder is who plans for whom
[04:20.999]Do I plan for myself, or leave it to you
[04:22.999]I want plans by the many, not by the few
[04:25.999]Let’s not repeat what created our troubles
[04:27.999]I want real growth, not a series of bubbles
[04:30.999]Stop bailing out losers, let prices work
[04:33.999]If we don’t try to steer them, they won’t go berserk!
[04:35.999]Come on, are you kidding, don’t Wall Street’s gyrations?
[04:38.999]Challenge your world view of self-regulation?
[04:41.999]Even you must admit the lesson we’ve learnt is more oversight’s needed or else we’ll get burnt
[04:46.999]Oversight? The government’s long been in bed
[04:48.999]With the Wall Street execs and the firms that they bled
[04:51.999]Capitalism is about profit and loss
[04:54.999]If you bail out losers there’s no end to the cost
[04:56.999]The lesson I’ve learnt is how little we know
[04:59.999]The world is complex, not some circular flow
[05:02.999]The economy is not a class you can master in college
[05:05.999]To think otherwise is the pretence of knowledge
[05:08.999]Which way should we choose?
[05:10.999]More bottom-up or more top-down?
[05:13.999]The fight continues
[05:16.999]Keynes and Hayek’s second round
[05:18.999]It’s time to weigh in
[05:21.999]More from the top or from the ground
[05:24.999]Let’s listen to the greats
[05:27.999]Keynes and Hayek throwing down
[05:28.999]You get on your high horse and you’re off to the races
[05:31.999]I look at the world on a case-by-case basis
[05:34.999]When people are suffering, I roll up my sleeves
[05:36.999]And do what I can to cure our disease
[05:39.999]The future’s uncertain, our outlooks are frail
[05:42.999]That’s why free markets are so prone to fail
[05:44.999]In a volatile world, we need more discretion
[05:47.999]So state intervention can counter depression
[05:50.999]People aren’t chessmen you can move on a board at your whim
[05:53.999]Their dreams and desires ignored
[05:55.999]With political incentives, discretion’s a joke
[05:58.999]Those dials you are twisting are just mirrors and smoke
[06:01.999]We need stable rules and real market prices
[06:03.999]So prosperity emerges and cut short the crisis
[06:06.999]Give us a chance so we can discover the most valuable ways to serve one another
[06:14.999]Which way should we choose?
[06:17.999]More bottom-up or more top-down?
[06:20.999]The fight continues
[06:23.999]Keynes and Hayek’s second round
[06:25.999]It’s time to weigh in
[06:28.999]More from the top or from the ground
[06:31.999]Let’s listen to the greats
[06:34.999]Keynes and Hayek throwing down
[06:47.999]Which way should we choose?
[06:50.999]More bottom-up or more top-down?
[06:52.999]The fight continues
[06:55.999]Keynes and Hayek’s second round
[06:58.999]It’s time to weigh in
[07:00.999]More from the top or from the ground
[07:04.999]Let’s listen to the greats
[07:06.999]Keynes and Hayek throwing down

作曲 : John Papola
John Maynard Keynes
F.A. Hayek F·A·
Round 2 rap
Round 2.0 2.0
Same economists
Same beliefs
New microphones
New moustaches
Here we are, peace out great recession
Thanks to me, as you see, we are not in a depression
Recovery, destiny, if you follow my lesson
Lord Keynes, here I come, line up for your procession
We brought out shovels but we are still in a ditch
And still digging, don’t you think it’s time for a switch?
From that hair of the dog, friend the party is over
The long run is here, it’s time to get sober
Are you kidding? My cure works perfectly fine
Have a look the Great Recession ended back in 09
I deserve credits, things would have been worse
All the estimates prove that and I’ll quote chapter and verse
The econometricians, they are ever so pious
Are they doing real science or confirming their bias?
Their Keynesian models are tidy and neat
But that top-down approach is a fatal conceit
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down
We could have done better had we only spent more
Too bad, that only happens when there’s a world war
You can carp all you want about stats and regression
Do you deny World War II cut short the Depression?
Wow, one data point and you are jumping for joy,
The last time I checked wars only destroy
There was no multiplier, consumption just shrank
‘Cause we use scarce resources for every new tank
Pretty perverse to call that prosperity
Rationed meat, rationed butter, a life of austerity
When that war spending ended your friends cried disaster
Yet the economy thrived and grew faster
You too, only see what you want to see
The spending on war clearly goosed GDP
Unemployment was over, almost down to zero
That’s why I’m the master, that’s why I’m the hero
Creating employment is a straightforward craft
When the nation’s at war, and there’s a draft
If every worker was staffed in the army and fleet
We’d have full employment, and nothing to eat
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down
Jobs are the means, not the ends themselves,
People work to live better, to put food on their shelves
Real growth means production of what people demand
That’s entrepreneurship, not your central plan
My solution is simple, and easy to handle
It’s spending that matters, why’s that such a scandal?
Money sloshes through the pipes and the sluices
Revitalising the economy’s juices
It’s just like an engine that’s stalled and gone dark
To bring it to life, we need a quick spark
Spending is the life blood that gets the flow going
Where it goes? Doesn’t matter
Just get spending flowing
You see slack in some sectors as a “general glut”
But some sectors are healthy only some are in a rut
So spending is not free, that’s the heart of the matter
Too much is wasted as cronies get fatter
The economy’s not a car, there’s no engine to stall
No expert can fix it, there’s no “it” at all
The economy’s us, we don’t need a mechanic
Put away the wrenches, the economy’s organic!
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down
So what would you do to help those unemployed
This is the question you seem to avoid
When we are in a mess, would you have us just wait
Doing nothing, until market equilibrates?
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for whom
Do I plan for myself, or leave it to you
I want plans by the many, not by the few
Let’s not repeat what created our troubles
I want real growth, not a series of bubbles
Stop bailing out losers, let prices work
If we don’t try to steer them, they won’t go berserk!
Come on, are you kidding, don’t Wall Street’s gyrations?
Challenge your world view of self-regulation?
Even you must admit the lesson we’ve learnt is more oversight’s needed or else we’ll get burnt
Oversight? The government’s long been in bed
With the Wall Street execs and the firms that they bled
Capitalism is about profit and loss
If you bail out losers there’s no end to the cost
The lesson I’ve learnt is how little we know
The world is complex, not some circular flow
The economy is not a class you can master in college
To think otherwise is the pretence of knowledge
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down
You get on your high horse and you’re off to the races
I look at the world on a case-by-case basis
When people are suffering, I roll up my sleeves
And do what I can to cure our disease
The future’s uncertain, our outlooks are frail
That’s why free markets are so prone to fail
In a volatile world, we need more discretion
So state intervention can counter depression
People aren’t chessmen you can move on a board at your whim
Their dreams and desires ignored
With political incentives, discretion’s a joke
Those dials you are twisting are just mirrors and smoke
We need stable rules and real market prices
So prosperity emerges and cut short the crisis
Give us a chance so we can discover the most valuable ways to serve one another
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down
Which way should we choose?
More bottom-up or more top-down?
The fight continues
Keynes and Hayek’s second round
It’s time to weigh in
More from the top or from the ground
Let’s listen to the greats
Keynes and Hayek throwing down