Category Archives: Economics

Financial Planning For Life Extension

An interview with Joel Garreau. Not sure I agree with this:

Boomer octogenarians in 2030 have “too many hard miles on their chassis” to fully benefit, but younger people may have trouble imagining the onetime prevalence of sickness and death.

I won’t be quite that old, but I think that there’s a good possibility that even for octo/nonoganerians there will be potential reversal of damage, and rejuvenation by then. And current government policies based on Scenario 1 (i.e., pretty much business as usual) are doomed to bankruptcy.

Peter Thiel And Global Warming

Why he’s skeptical:

“Whenever you can’t have a debate, I often think that’s evidence that there’s a problem,” Thiel said on The Glenn Beck Program. “When people use the word ‘science,’ it’s often a tell, like in poker, that you’re bluffing. It’s like we have ‘social science’ and we have ‘political science,’ [but] we don’t call it ‘physical science’ or ‘chemical science.’ We just call them physics and chemistry because we know they’re right.”

Thiel said no one will be upset if you ask questions about the periodic table, because it is actually science. But referring to man-made climate change as “science” tells you “that people are exaggerating and they’re bluffing a little bit,” Thiel said.

“The weather has not been getting warmer for the last 15 years. The hockey stick that Al Gore predicted in the early 2000s on the climate has not happened,” he remarked. “And I think as this monolithic culture breaks down, you can have more debates.”


The Welfare State Of West California

Moving on in our examination of Tim Draper’s six Californias, from Nuevo Colorado (aka Central California), we come to the new state of West California. It’s ironic that it’s shown as green on the map, considering that it will be born into pension and welfare poverty.

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Breaking Up Is Hard To Do

First California, and now some people in south Florida want to split with Tallahassee. The reason is sort of hilariously stupid, though:

Harris told the commission that Tallahassee isn’t providing South Florida with proper representation or addressing its concerns when it comes to sea-level rising.

“We have to be able to deal directly with this environmental concern and we can’t really get it done in Tallahassee,” Harris said. “I don’t care what people think — it’s not a matter of electing the right people.”

Mayor Philip Stoddard agreed with Harris’ reasoning, saying he’s advocated for secession for the past 15 years but never penned a resolution.

“It’s very apparent that the attitude of the northern part of the state is that they would just love to saw the state in half and just let us float off into the Caribbean,” Stoddard said. “They’ve made that abundantly clear every possible opportunity and I would love to give them the opportunity to do that.”

If there weren’t enough reasons for me to leave Boca, living in a state dominated by south Floridians would seal the deal.

Bootstrapping A Solar-System Civilization

There was an interesting blog post at OSTP last week:

Have ideas for massless exploration and bootstrapping a Solar System civilization? Send your ideas for how the Administration, the private sector, philanthropists, the research community, and storytellers can further these goals at

Needless to say, I don’t expect this to go anywhere with the current Congressional committees.

A History Of SpaceX

There’s a good article over at Quartz about the company and Elon. It had a few errors, though.

And the response?

That’s exactly how it should work.

Nuevo Colorado

Continuing our tour of the six new Californias proposed by Tim Draper, this new state would be the only one with no Pacific coastline. Nonetheless, it has tremendous potential that is currently being hamstrung by Sacramento (or rather, the coastal voters who dominate the legislature). It would have a population of a little over four million, equivalent to Kentucky, and about a million fewer than Colorado. But as I’ll explain, its red depiction on the map below is appropriate, because it could be viewed as another Colorado in the making, except one only a couple-hour drive from the ocean.

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The New State Of Silicon Valley

Continuing my series (I now have four states up at Ricochet), the next state is Silicon Valley.

Unlike North California, Silicon Valley would be the new state with the most geographically misleading name. Shown in yellow on the map, it would encompass the current Silicon Valley in Santa Clara County, but it would also include all else on that peninsula, including San Francisco, and the East Bay all the way up to Oakland and Berkeley in Alameda County and the bedroom communities of Contra Costa County, all of which is quite densely populated. And beyond that, it would also extend south, all the way down into the Big Sur coast, to the southern Monterey County line. It would be the third largest of the new states, with a current population of almost seven million, like Arizona, Washington or Massachusetts.

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The Quality Of Metal 3-D-Printed Objects

Looks like it’s about to exceed any other fabrication technology:

“We can now control local material properties, which will change the future of how we engineer metallic components,” Dehoff said. “This new manufacturing method takes us from reactive design to proactive design. It will help us make parts that are stronger, lighter and function better for more energy-efficient transportation and energy production applications such as cars and wind turbines.”

The researchers demonstrated the method using an ARCAM electron beam melting system (EBM), in which successive layers of a metal powder are fused together by an electron beam into a three-dimensional product. By manipulating the process to precisely manage the solidification on a microscopic scale, the researchers demonstrated 3-dimensional control of the microstructure, or crystallographic texture, of a nickel-based part during formation.

Crystallographic texture plays an important role in determining a material’s physical and mechanical properties. Applications from microelectronics to high-temperature jet engine components rely on tailoring of crystallographic texture to achieve desired performance characteristics.

“We’re using well established metallurgical phenomena, but we’ve never been able to control the processes well enough to take advantage of them at this scale and at this level of detail,” said Suresh Babu, the University of Tennessee-ORNL Governor’s Chair for Advanced Manufacturing. “As a result of our work, designers can now specify location-specific crystal-structure orientations in a part.”

This will be key for human expansion into space.

Judith Curry’s WSJ Op-Ed

She rounds up the (hysterical and unhinged) reactions:

Climate science has been thrown into disarray by the hiatus, disagreement between climate model and instrumental estimates of climate sensitivity, uncertainties in carbon uptake by plants, and diverging interpretations of ocean heating (in the face of a dearth of observations). ‘Certainty’ arguably peaked at the time of the AR4 (2007); perception of uncertainty is arguably greater than any time since the FAR (1991). Yes of course we know more about the climate system than we did in 1991, but more knowledge about the complex climate systems opens up new areas of ignorance and greater uncertainty.

In context of the way climate sensitivity is defined by the IPCC, uncertainty in climate sensitivity is decreasing as errors in previous observational estimates are identified and eliminated and model estimates seem to be converging more. Climate model simulations, when compared with 21st century observations seem to be running too hot, giving creedence to the lower observation-based sensitivity values.

What do the lower values of climate sensitivity imply for policy? Well slower values of warming make it easier to adapt, and provide time to develop new technologies and new policies. But the true believers such as Mann et al. call adaptation, developing new technologies and policies as ‘inaction.’ The policy logic apparent in the essays critical of my op-ed are rather naive.

So we are left with science in disarray and naive logic regarding policy. And the ‘warm team’ wonders why people are yawning?

She should cite my piece on the precautionary principle.

Safe Is Not An Option: A Review

Finally, someone at NASA is willing to take the book seriously enough to critically review it. Obviously, I will respond at some point (TL;DR version, he cherry picks and ignores much of what I have to say, but that’s to be expected, given his NASA-centric viewpoint), but it’s a bad week between taxes and ISPCS. Anyway, despite my disagreement with the review itself, I’m sincerely grateful to Mr. Fodrocci for finally acknowledging the book’s existence, rather than (as much of the industry, including IAASS, has) pretending it doesn’t exist and hoping it will just go away.

Sierra Nevada’s Bid

Why NASA rejected it:

Although the document praises Sierra’s “strong management approach to ensure the technical work and schedule are accomplished,” it cautions that the company’s Dream Chaser had “the longest schedule for completing certification.” The letter also states that “it also has the most work to accomplish which is likely to further extend its schedule beyond 2017, and is most likely to reach certification and begin service missions later than the other ‘Offerors’.”

Discussing costs, Gerstenmaier says that “although SNC’s price is lower than Boeing’s price, its technical and management approaches and its past performance are not as high and I see considerably more schedule risk with its proposal. Both SNC and SpaceX had high past performance, and very good technical and management approaches, but SNC’s price is significantly higher than SpaceX’s price.”

Touching on why Boeing received a $4.2 billion contract, versus $2.6 billion for SpaceX, he adds “I consider Boeing’s superior proposal, with regard to both its technical and management approach and its past performance, to be worth the additional price in comparison to the SNC proposal.”

Given how subjective such evaluation processes are, it’s not an implausible story.

The Chairman Of The House Science Committee

is a moron:

“If Orion could provide a redundant capability as a fallback for the commercial crew partners, why is it necessary to carry two partners to ensure competition in the constrained budget environment?” Smith asked NASA Administrator Charles Bolden in an Oct. 7 letter co-signed by Rep. Steven Palazzo (R-Miss.), chairman of the House Science space subcommittee.

So as a bonus, the chairman of the space subcommittee is an idiot, too.

The country’s in the very best of hands.

North California

Just to the south of Jefferson, the new state of North California (shown as purple on the map) would be much larger, with a population of almost four million, comparable to Oregon or Oklahoma.

There is no other state that would really be comparable to North California, in terms of geography and climate. Unlike any of the other new states, it would have very little desert. It would have some of the best wine country in the world, in Napa and Sonoma counties. It would have the coastal beauty of Marin as well, just north of the Golden Gate Bridge from San Francisco and the rest of the new state of Silicon Valley to its immediate south. Like Silicon Valley, it will have ocean access via the Golden Gate, from San Pablo and other northern bays, so it would have the option of building its own new ports.

As it is now, western North California would be a bedroom community for the industry of Silicon Valley to the south. With towns like Vallejo, Sausalito, Benicia, Santa Rosa and others along the northern reaches of the San Francisco Bay system and Sacramento Delta, access between the two states would continue to be via ferries and toll bridges to San Francisco and Oakland, and Concord in Contra Costa County. One point of contention in a breakup will be which state gets both responsibility for, and revenue from, which bridges.

The eastern part of the new state would be much more rural, with the northern Sierra Nevada, Lake Tahoe, and Gold Country in the western foothills of the mountains, and its own wine region centered in Amador County. The foothills and mountains will offer recreational opportunities for fishing, hunting, hiking, and horseback, with skiing in the winter in south Tahoe. Gold Country, with its historical towns and sites, will continue to be a tourist draw. While not as high as the Sierras further south, there will be some snow pack in the northern mountains to feed the northern part of the delta, and provide water for the new state.

As with the current California, Sacramento would be a good candidate for state capital. The current Sacramento State would likely become the flagship of North California’s higher educational system, the University of North California. The campus of the University of California in Davis would probably have its focus broadened and strengthened from its current one of agricultural research, perhaps becoming North California State.

It will inherit a number of prisons, in Sacramento, Folsom, Vacaville, Mule Creek in Ione, and of course the infamous San Quentin, just over the Silicon Valley state line from San Francisco. As with Jefferson, it is possible that these will provide excess capacity for its own criminal needs (particularly if it, like Jefferson, were to legalize drugs), given that the majority of prisoners are likely generated by the big cities of Silicon Valley, and West and South California. So there may be opportunities for revenue from those states to continue to house their prisoners. Again, the new state may offer an opportunity for reform with an end to the guards’ unions.

With its current voters, North California will have a twelve-point voting edge for Democrats, 43% to a little over 31% for Republicans and almost 3% for the American Independent Party. But as with Jefferson, about twenty percent of those registered are unpartied, so the right Republican candidate and policies could potentially win the votes of the state for governor, senators and electors. A more libertarian Republican might do well there.

Next up, the city-state of Silicon Valley.

The Disintegrating Obama Presidency

Steve Hayes has a long piece (necessarily, because it’s such a target rich environment) on how it is chock full of fail.

[Update a couple minutes later]

This isn’t from the essay, but rather from Jonah Goldberg’s latest “newsletter” (so no link), but it seems apt:

Islamic State took Fallujah and Mosul months ago and he kept calling it the “jayvee team.” As recently as August, he was telling Tom Friedman that it was ridiculous to arm the Syrian rebels. In September, he was wistfully complaining that the Islamic State made a mistake in beheading those Americans because it aroused U.S. public opinion for war. In other words, doing nothing about the Islamic State was Obama’s foreign policy until the domestic political situation made his foreign policy untenable. Chess Masters think many moves ahead, novices respond to whatever their opponent’s latest move is. Total amateurs just move pieces based on shouts from the crowd watching the game. Obama’s like a kid looking for approval every time he touches a piece.

It’s sad because it’s true.

Global Warming

The statistical meltdown:

The sensitivity of the climate to increasing concentrations of carbon dioxide is a central question in the debate on the appropriate policy response to increasing carbon dioxide in the atmosphere. Climate sensitivity and estimates of its uncertainty are key inputs into the economic models that drive cost-benefit analyses and estimates of the social cost of carbon.

Continuing to rely on climate-model warming projections based on high, model-derived values of climate sensitivity skews the cost-benefit analyses and estimates of the social cost of carbon. This can bias policy decisions. The implications of the lower values of climate sensitivity in our paper, as well as similar other recent studies, is that human-caused warming near the end of the 21st century should be less than the 2-degrees-Celsius “danger” level for all but the IPCC’s most extreme emission scenario.

That’s the wrong answer. It doesn’t justify ending capitalism.

About That Mars One MIT Study

Some thoughts from Stewart Money, with which I agree:

While presented as a legitimate concern, $4.5 billion is after all a large sum of money, and a very tall hurdle to overcome, it still leads to an interesting counterpoint which the authors of the NASA funded study do not address. NASA is well on the way to spending $16 billion to get the Orion capsule alone through one crewed flight, a number which excludes the development costs of the Space Launch System as well as its ground infrastructure. The agency cannot even begin to put a price tag on gong to Mars. It would be interesting to see the same team run the numbers on that.

There is no doubt that Mars One is [a] risky concept, and if it is to ever gain real traction, it will have to endure a lot more scrutiny than presented in the MIT study. It should probably begin with a clear statement that Mars One is meant as an evolving concept, in which the final product may differ considerable [sic] from what has initially been put forward on a time frame which like all space projects, is subject to change. At the same time, its many critics might want to at least consider how much of the risk to any future Mars mission, whether one way of with a return ticket, could be reduced through advancing the Technological Readiness Level (TRL) of some of the core technologies the MIT team identifies.

Finally, they might want to ask why the U.S. is committed to a very different, but perhaps even more financially implausible plan.


[Update a few minutes later]

By the way, Bas Lansdorp has responded in comments over at Marcia Smith’s place.