If you’re living high on that cheap credit hog…

… don’t look for cure from the hair of the dog.

That’s one of the many gems in the best, and possibly funniest, econ video I’ve seen in a while. A former prof. of mine collaborated on “Fear the Boom and Bust.” It’s an amazing rap on two competing economic viewpoints. They are also the two that seem most appropriate to the current economic situation. I give “mad props” to them for bringing up concepts like how time and interest coordinate prices, C+I+G=Y, the circular flow of money, and even sticky wages. Some of my favorite moments actually occur before the song starts. “Freddie! Party at the Fed!” The “General Theory…” in place of Gideon’s Bible was a nice touch too. Watch it and learn:-)

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