So I heard about this machine in Peter Klein’s talk that was posted up today and had to look it up. I found some videos on youtube about it and thought I would share.
Do these people not ever notice how preposterous they look?
Man, what a bunch of narrow minded asshats…Kind of funy though.
This is a good representation of what statism is. A bunch of manboys tinkering with their imaginary Lego-brick world.
Why oh why does this remind me of the old talk of “scientific socialism”..
How the hell does a bank get “full”?
The Hayek v. Keynes guys need to make a parody of this thing… it’s begging to be mocked!
Clayton -
It’d be cool if someone made a comic or something where there was this big central planning machine with all these levers and switches that controlled the market.
EDIT: Clayton beat me to it.
Hehe my econ professor put up a video of this in class. He’s not too fond of Keynes, so the motivation is rather clear.
How would an Austrian machine work? Just give everyone in the room a thimble of water, and see what they do with it?
Smash the machine and let the water go to whomever homesteads it?
It already exists. It’s called the ocean [;)]
Oh my god!
Economics = phrenology.
Already exists.
http://www.youtube.com/watch?v=3uYuScZOyiM
http://www.youtube.com/watch?v=3uYuScZOyiM
Haha, that is fantastic!
I think it’s brilliant. And charming.
The problem is not in the machine, but in the assumptions used to build it.
But as a representative of the assumptions, and as a predictive tool given the assumptions, it’s an absolute marvel of art and engineering.
Whoever made it, your hired.