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Source link: http://archive.mises.org/8797/can-a-video-game-explain-the-ridiculous-housing-bubble/

Can a video game explain the ridiculous housing bubble?

October 17, 2008 by

And its aftermath?

See also: Red versus Blue
The Trillion-Dollar Bank Shakedown from winter 2000


jason4liberty October 17, 2008 at 11:47 am

Well, geek that I am that is my first exposure to that series. And man, do I love deathmatch Halo. In between Human Action, DTGTF, and A History of Money and Banking in the US, of course.
Maybe we should use this clip as an outreach tool to the politicians. They might get how crazy the whole thing is if they hear it like this. Of course, it would have been more convincing if the Master Chief had said it.
What is frightening is that they might actually be carrying the only outreach tools that can stop the crisis…

K T Cat October 17, 2008 at 6:44 pm


Haas October 18, 2008 at 2:26 am

HAHAHA “you bought hedge funds with a credit card!!!”

esgreat October 18, 2008 at 5:23 am

Sim City…

I haven’t been playing games recently, but I do fondly remember my teenage years playing Sim City. Maybe not the housing bubble, but it did taught me a lot about economics.

I tried zoning massive amounts of industrial and residential areas. But no one came to stay. My tax revenue was low. I had trouble maintaining the schools, police stations, and roads. So I upped the taxes…but people started to leave and I my funds were running thin.

I thought I could just wait it out…new people would come and stay, right?….But after my power plant got blown up I had no funds left. Therefore I chose to issue bonds.

But my cashflow kept going negative, and soon I was in deficit mode. There was nothing I could do to expand the city and get extra revenue. So I issued more and more bonds to maintain the city and pay back the old bonds.

Very soon my deficits were running so large that no amount of extra debt could help keep my cash balance in the black. It was a disaster.

Luckily this was just a game. I exited the game and started a new one, while avoiding the mistakes I made during the first try.

Kristl Huffman October 18, 2008 at 4:49 pm

This is EXACTLY what I needed in order to get my younger friends to understand what’s really going on. PERFECT.

Thank you, Red Vs. Blue!

Tim Hillery October 19, 2008 at 1:50 am

Hedge to the edge.
That’s the name of the game.
And in the end you just hop and drop.
Of course the House and Senate think that all things float out there where the air is rare.
What a rude awakening it will be.

StatusQuoJoe October 19, 2008 at 11:15 am

esgreat, obviously you neglected to advertise…..

Educational Games Online March 17, 2011 at 4:40 am

Hilarious stuff, its nice that we can be so light about all of this economic troubles but the reality is frightening. Intervention is not the way to go but letting it all go to hell might be a better plan.

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