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I'm in Love with Friedrich Hayek! & "Roll With The Flow"

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A love song for economist F. A. Hayek.

Original song by Dorian Electra.
Filmed by Clara Lee, Madeline Scholl, and Ciaran Finlayson.

Lyrics:

Hey there Freidrich Hayek, ya lookin really nice
Your methodology is oh so precise
You break down social science to the fundamentals
Rules and social order are the essentials

Chorus:
The use of knowledge in society
by each of us we make the economy
It's not magic that somehow our plans all align
The result of human action, not of human design

Tell me your thoughts on resource misallocation
Distorted price signals and misinformation
Interest rates that are made artificially low
Telling producers where resources should go

Chorus

Since these low interest rates, like you said, are lies
Malinvestments come as no surprise
Soon these mistakes will all be revealed
and then corrected, unless they're concealed

Chorus

Sometimes I dream all day 'bout bein' Mrs. Hayek
We'd share milkshakes, watch sunsets, and kayak
We'd work together on that business cycle theory
Oh darlin' you've been workin' hard, you must be weary

Come to my couch, on which you can rest
I'll make tea, we'll talk credit and interest
Then I can talk about my interest in you
Of course we'll talk 'bout the economy, too

Just me and you (x2)
Me and You
Oh, oh
Me and You

(Red F.A. Hayek poster at 0:14 designed by LibertyManiacs http://www.zazzle.com/libertymaniacs )

Featured Books:
"Individualism and Economic Order"-F.A. Hayek
http://www.press.uchicago.edu/presssite/metadata.epl?mode=synopsis&bookke...
"The Road to Serfdom"-F.A. Hayek
http://www.press.uchicago.edu/presssite/metadata.epl?isbn=9780226320533
 
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

LYRICS

Here's a little somethin' bout a girl like me
I demand to understand the economy
And I gotta couple questions, been sittin' on my mind
So let's sit down, take the time, to review line by line

CHORUS:
How can you roll with the flow you can't foresee?
How can you let go control and let it be?
How can you roll with the flow you can't foresee?
How can you let go control, leave people free?

Roll with the flow

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)

CHORUS

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