Uploaded May 2026 | Updated September 2026, 2 weeks ago

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In the 1970s, Chile’s "Project Cybersyn" attempted the impossible: managing an entire national economy from a high-tech control room. Despite the dashboards and real-time data, it ended in shortages and chaos.

Why did it fail? Because economic information isn't just data to be processed—it’s a discovery process. In this Short, we look at why Ludwig von Mises and F.A. Hayek argued that without market prices, every economic decision is just a guess.

Watch our full deep dive here: youtu.be/HhGnmxtrj2o

#Economics #History #ProjectCybersyn #FreeMarket #Mises #Hayek #EconomicCalculationProblem #Chile