Presenting The 70 Year Old Hydraulic Computer Used By Central Planners To “Visualize Economy”

Jon Alternative Media, Blogosphere, Economy

Meet MONIAC – Monetary National Income Analogue Computer – the 7-foot-tall, 70-year-old ‘Rube Goldberg’ hydraulic contraption that was the machine that analyzed data, simulated the economy, andmade predictions about the future for the central planners of yore…

As Wired.com reports,
There was a time when computers ran on water. No, really. They did. Check out the video above, a recent demonstration of a machine called the MONIAC, originally built in 1949. The MONIAC – short for Monetary National Income Analogue Computer – was a machine that analyzed economic data using, yes, hydraulics. Basically, it pumped water through pipes and tanks in an effort to simulate an economy and make predictions about its future.


This post was published at Zero Hedge on 11/29/2014.