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Fri Mar 04 18:24:25 UTC 2016  <mircea_popescu>   yep, it is.

Fri Mar 04 18:24:19 UTC 2016  <mircea_popescu>   it has its own head. and this is a serious problem for the pretense of central planning, because they effectively suck down resources.

Fri Mar 04 18:23:57 UTC 2016  <mircea_popescu>   it is NOT a usg crown hedgefund anymore than romania was a soviet property.

Fri Mar 04 18:23:30 UTC 2016  <mircea_popescu>   the savings show in mit's bottom line, not in the fed's.

Fri Mar 04 18:23:17 UTC 2016  <mircea_popescu>   asciilifeform it looks like, mit still is the hedge fund it was, whether it spends x on wage and y on fixed/capital goods or just x/2 on wage and epsilon on f/c

Fri Mar 04 18:22:45 UTC 2016  <assbot>   Logged on 04-03-2016 18:20:51; mircea_popescu: specifically : while the universities may well be pushing costs down as you describe, they're sure as fuck noty passing the savings up the chain to comecon.

Fri Mar 04 18:22:34 UTC 2016  <mircea_popescu>   you know what the eu cyclotron cost ? you know, that thing the us could never afford ?

Fri Mar 04 18:22:20 UTC 2016  <mircea_popescu>   PeterL only marginally.

Fri Mar 04 18:22:11 UTC 2016  <mircea_popescu>   right. so am i.

Fri Mar 04 18:21:43 UTC 2016  <mircea_popescu>   (but now we know what the "protests" were for. softening - in preparation of this.)

Fri Mar 04 18:21:31 UTC 2016  <mircea_popescu>   curious if any of the loser satellites will succeed, or for that matter try, something similar.

Fri Mar 04 18:21:17 UTC 2016  <mircea_popescu>   notably enough : romania told the soviets to shut it, and as a result the policy was updated to allow people (ie, romania) to do w/e it pleases.

Fri Mar 04 18:20:51 UTC 2016  <mircea_popescu>   specifically : while the universities may well be pushing costs down as you describe, they're sure as fuck noty passing the savings up the chain to comecon.

Fri Mar 04 18:20:18 UTC 2016  <mircea_popescu>   asciilifeform afaik this isn't true.

Fri Mar 04 18:20:05 UTC 2016  <mircea_popescu>   that's 100 trn in air bubble to breathe while the dod keeps losing trucks nominally full of trucks that were fully loaded with trucks.

Fri Mar 04 18:19:28 UTC 2016  <mircea_popescu>   you can replace the ~100 trn worth ivy league & friends that do a 10-20 bn spending on actual hardware each year and otherwise shuffle paper on the exchanges with a new-and-improved thing worth ~1-2 bn that spends 50 bucks on mcdonalsa a year.

Fri Mar 04 18:18:16 UTC 2016  <mircea_popescu>   the "studies" whores cost paper dollars.

Fri Mar 04 18:18:11 UTC 2016  <mircea_popescu>   oh, this isn't about math. this is about stem. stem costs TURKEY dollars.

Fri Mar 04 18:17:50 UTC 2016  <mircea_popescu>   why ? currently the harvard/mit/etc hedge funds masquerading as universities are pretty much the largest problem on fed's map.

Fri Mar 04 18:16:51 UTC 2016  <mircea_popescu>   asciilifeform much like soviet economy endgame, stuff isn't being replaced. simply removed.

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