Category Archives: Business

Economic Stagnation

explained at thirty-thousand feet. And our masters in Washington have no idea how destructive their idiotic policies are. Or perhaps they do.

[Update a few minutes later]

The Marxian worm. Which reminds me of the piece I wrote a while back: You just might be a Marxist.

[Update a couple minutes later]

It occurs to me for the first time that a cost-plus contract is intrinsically Marxist in nature. There is an implicit assumption that value is produced when the contractor is reimbursed for time and materials.

[Update a few minutes later]

An oldie but goody: Cultural Marxism.

The COTS Hearings

Based on the Twitter feed, it looks like the committee continue to be (as Michael Mealling tweets) asshats, but at least it was an opportunity for Gwynne to explain costs to them. There are lies, damned lies, and Congressional cost estimates (note in comments at the link “Edgar”‘s analysis — I wonder if that’s Edgar Zapata?). I’ll be curious to see Jeff Foust’s report later, though we probably won’t see it until Monday, at The Space Review.

[Update a few minutes later]

More on the cooked books from Keith Cowing. I’m guessing the culprit is Ken Monroe, head staffer.