Posted on 11/27/2012 2:08:08 PM PST by SoFloFreeper
More Adventures in Economics! The sequel to "I'm in Love with Friedrich Hayek!"
Original song by Dorian Electra
Instrumental Track by Will Schorre
Directed by Christopher Minor and Neil Lokken
Assistant Director: Clara Lee
Awesome video!Lyrics are below
(Excerpt) Read more at youtube.com ...
Each one of us makes choices based on knowledge that's unique
Circumstance of time and place, preferences and taste all shape
When and where and what we buy and sell from week to week
Collectively, these choices make up "the economy"
"Economic growth" to me, a mystery
"GDP?" "GNP?" It's really killin' me
By what means do we measure wealth,
a major indicator of economic health?
CHORUS
Alright, here it goes:
Wealth is what is valued and value is subjective
What one values depends on one's perspective
One man's trash is another man's treasure
One man's pain is another man's pleasure
One man's work is another man's leisure
All things you must remember before you start to measure
Can someone please assist me
in becoming a good economist?
My buddy Bastiat, has given me a key
He says the bad economist looks only at the obvious
That which can be perceived immediately
Looks only at the first effects Ignores all further consequences
Every choice has opportunity costs
Choosing one thing comes at the cost of your next best alternative
You can spend in one direction and say it's peachy keen
But alas you have forgotten that which is not seen
Sure, if you break my window the Glassman gets some dough
Where would that cash have gone? Had that window not been broke...
Instead of to the Shoeman, now I can't buy those shoes.
That's the cost of destruction, and someone's gotta loose
We could produce guns, for a disaster war
Or we could use funds for what they're best used for
Who knows what "best" is? No one mind knows best for sure
Where does this leave us? Left up to each one of ya'll
Oh, can someone please assist?
I wanna be, I wanna be a good economist, economist, economist
Keynes, he won't stop callin' he keep blowin' up my phone
He wants to teach me something and he won't leave me alone
I tell him there's no use in tryin' 'cause Friedrich Hayek is my guy and
If you wanna get with a girl like me you got to let go control of the economy (x2)
We need more people like this young lady to describe the ideas of economic liberty.
People like her and Lila Rose of “Live Action” are part of the future of our movement, and we ought to promote them.
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