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.
"When the King is far the people are happy." Chinese proverb
For Alexander Zinoviev and the free market there is a shared delight:
"Where there are problems there is life."
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"?
JosephBright: 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?
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.
Why anarchy fails
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.
Freedom of markets is positively correlated with the degree of evolution in any society...
How would an Austrian machine work? Just give everyone in the room a thimble of water, and see what they do with it?
Jackson LaRose: 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?
To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process. Rabbi Lapin: "Let's make bricks!" Stephan Kinsella: "Say you and I both want to make a German chocolate cake."
It already exists. It's called the ocean
Oh my god!
Economics = phrenology.
ClaytonB: The Hayek v. Keynes guys need to make a parody of this thing... it's begging to be mocked! Clayton -
Already exists.
Nielsio: 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.
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer