http://www.cuca.org.uk/2009/04/05/and-another-thing/ The largest, most active political society in Cambridge Mon, 31 May 2010 11:13:34 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.cuca.org.uk/2009/04/05/and-another-thing/comment-page-1/#comment-1013 Bezhan Salehy Tue, 07 Apr 2009 12:20:17 +0000 http://www.cuca.org.uk/?p=1310#comment-1013 That's brilliant! That’s brilliant!

]]> http://www.cuca.org.uk/2009/04/05/and-another-thing/comment-page-1/#comment-962 Tyler Sun, 05 Apr 2009 22:48:23 +0000 http://www.cuca.org.uk/?p=1310#comment-962 "The situation would be similar to that of a people of an isolated island, if, after having partially constructed an enormous machine which was to provide them with all necessities, they found out that they had exhausted all their savings and available free capital before the new machine could turn out its product. They would then have no choice but to abandon temporarily the work on the new process and to devote all their labour to producing their daily food without any capital. Only after they had put themselves in a position in which new supplies of food were available could they proceed to attempt to get the new machinery into operation." - F.A. Hayek, 1932 “The situation would be similar to that of a people of an isolated island, if, after having partially constructed an enormous machine which was to provide them with all necessities, they found out that they had exhausted all their savings and available free capital before the new machine could turn out its product. They would then have no choice but to abandon temporarily the work on the new process and to devote all their labour to producing their daily food without any capital. Only after they had put themselves in a position in which new supplies of food were available could they proceed to attempt to get the new machinery into operation.”
- F.A. Hayek, 1932

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