The Moniac

Created by William Phillips in the 1940s, the Moniac was a device that used water flowing through pipes to simulate how money moves around within the economy. From the NY Times:

Water flows through a series of clear pipes, mimicking the way that money flows through the economy. It lets you see (literally) what would happen if you lower tax rates or increase the money supply or whatever; just open a valve here or pull a lever there and the machine sloshes away, showing in real time how the water levels rise and fall in various tanks representing the growth in personal savings, tax revenue, and so on. This device was state of the art in the 1950s, but it looks hilarious now, with all its plumbing and noisy pumps.

More info: wikipedia

The Sedalia Democrat - Dec 23, 1951

     Posted By: Alex - Tue Nov 20, 2018
     Category: Technology | Computers | 1940s

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