This has been making its way around Facebook and other parts of the Austrian and libertarians online worlds, so I figured it was time to post it here. There's a small part of me that finds this utterly bizarre, but most of me finds it utterly charming and wonderful. It's worth noting that the lyrics are actually quite good from a Hayek scholar's perspective (not nearly as sophisticated as "Fear the Boom and Bust" but still good).
The more important thing, though, is that when Pete, Dave and I were in grad school (aside from the fact that smart, talented, committed, and beautiful libertarian women were nearly non-existent), I don't think we ever could have imagined that 25 years later we'd live in a world where Hayek raps and love songs were part of the cultural and intellectual mix. I am continually inspired by the increasing number of young people passionately committed to Austrian economics, Hayekian social theory, and libertarianism who are using new media to get these ideas across in creative and substantive ways. Dorian Electra is just the latest, and I'm sure far from the last, in that growing number.
Despite the fact that we've tried to use this blog to emphasize the scholarly conversation in which the work of Mises and Hayek and others sits, we should also recognize the ways in which those ideas have begun to spread into the broader world. And we should also recognize how that "spread" is reflective of the progress we've made with these ideas, at least with young people. Videos like this and what John and Russ are doing are exactly what is needed. Pete's 50 year plan is perhaps ahead of schedule!