Category Archives: Business

Elon’s Mars Colony

Ari Armstrong is favorably impressed:

The long-term benefits of an off-world colony to our lives would be enormous. Not only would such a colony open the solar system to commercialization, reaping unimaginable wealth from the development of vast resources and energy; it would also establish a new frontier with new possibilities for human liberty. Both in terms of industrial development and political innovation, a colony on Mars could be as important as were the British colonies in America. The future of human progress, and possibly even the future of true freedom, may depend on off-world colonization. In any event, human life certainly will be greatly enhanced by it.

I wish that more people understood this.

ObamaCare: Still Unpopular

…and still a mess:

It’s a situation no one anticipated when the Affordable Care Act was written. The law assumed states would create and operate their own exchanges, and set aside billions in grants for that purpose.

Why did the law assume that? Because, as Ramesh Ponnuru wrote back in October, “The law’s supporters . . . expected the health-care law to become more popular over time.” T’was ever thus, for blind optimism is Obamacare’s founding principle: If people understand it, they’ll like it; if Obama makes just one more speech about it, they’ll like it; if Congress passes it, they’ll like it; if HHS spends millions of dollars promoting it, they’ll like it; if the states are forced to implement it, they’ll like it. And so on and so forth. And yet…

This is why federalism was invented.

For Those In Favor Of A “Balanced Approach”

How many times has federal spending ever declined?

…why exactly would anyone expect Congress to really cut spending down the road if it has shown essentially no ability to rein in spending in the near term? This is like a variation on the old joke about losing money on every unit sold but making it up in volume. Except it’s not like that at all. Or funny.

No, but it is business as usual. Until the economy implodes.