The problem with Greece is very simple: its prices are wrong.
That’s what happens when a government sets prices.
Category Archives: Business
Government Motor’s Plan
But Chris Gerrib will be popping in any minute to tell us that GM is doing, in Obama’s words, “just fine.”
Developing An Economically Sustainable Space Policy
…by looking to the opening of the American West. A very good piece, by a British astrophysicist. I met Professor Elvis at GLEX a couple months ago.
Ryan’s Plan
…against the team with no plan. I recall when Turbotax Timmy Geithner said, “…we don’t have a plan, but we know we don’t like yours.”
We’ll see how trying to beat something with nuthin’ works out for them this fall.
The Auto Bailout
The U.S. taxpayers stand to lose $25B on it. That’s fifty Solyndras.
A Classic Example Of Economic Ignorance
Is it really surprising that when you underprice a commodity, the supply dries up? Another sign of the popping bubble of academia.
California Space Liability Legislation
No, the bill was not “weakened.” It was eviscerated to the point of uselessness, by the Consumer Attorneys of California. The word should go out to the industry that in its current form, if passed, it’s basically a fraud, in that it does nothing significant to reduce liability for launch services providers. As Doug says, we can try again next year, and this time be ready to push back harder against the CAC.
Irony Challenged On Space Commentary
Check out the comments over at my National Review piece. It’s almost as though some of the commenters are going out of their way to prove my thesis, by engaging in exactly the ignorant, straw-man behavior that opponents of the new policy have been for going on three years now. I love the notion that because I correct misstatements of fact, I am “attacking” the commenter. I especially love the latest insane redefinition of “subsidy” — that because SpaceX didn’t reinvent every single wheel in its vehicles, instead building on technology developed over the past decades, that it has been “subsidized” by NASA for decades.
Paul Ryan, Extremist
Thoughts from George Will on Romney’s pick:
When Ryan said in Norfolk, “We won’t replace our Founding principles, we will reapply them,” he effectively challenged Obama to say what Obama believes, which is: Madison was an extremist in enunciating the principles of limited government — the enumeration and separation of powers. And Jefferson was an extremist in asserting that government exists not to grant rights but to “secure” natural rights that pre-exist government.
Romney’s selection of a running mate was, in method and outcome, presidential. It underscores how little in the last four years merits that adjective.
With a bonus discussion of what Barry Goldwater and Martin Luther King had in common.
Burn The Math Witch!
The Freepers have some fun with Iowahawk’s new hashtag game.
Barack Obama: “I was told there would be no math.”
[Update a few minutes later]
One of my favorite comments over there: “Math is racist.”