Category Archives: Economics

Want To See A Stupid Piece On Space?

Here is a stupid piece on space.

I don’t even know where to begin.

On the other hand, this is a good antidote to the idiocy.

California

What’s the matter with it?

They’re not “misguided” — in fact, they’re doing exactly what the progressives designed them to do. Higher housing prices means more money in the pockets of Angelenos and San Franciscans when they go to sell, high energy prices have a disproportionate impact on the poor, generous welfare “benefits” mean an endless supply of new Democrats and permanent employment for the public-employee unions who actually run the state.

It’s a perfect racket, and one that will continue unless and until the California Republicans get their act together and begin vigorously contesting what has become a one-party state designed to enrich those at the top, beggar the middle class, and keep those on the bottom in permanent penury.

Not clear to me there’s anything that California Republicans (such as they are) can do about it. It will continue until they run out of other peoples’ money. Though perhaps the new inability to deduct all of the state taxes will give them a campaign issue.

Running Scared

France and Germany are studying reusability in rockets. I found this amusing:

The idea for Callisto did come in part as a response to SpaceX, which has now landed 20 boosters and flown five customers on used rockets, but both Astorg and Dittus describe the project as very different.

“It’s not a copy of what SpaceX is doing,” Dittus said. “In some aspects we are also skeptical [about reusability as] the right path, but we will see what is best and then we can come up with ideas of how we proceed.”

Riiiiiiiight.

Meanwhile, Orbital ATK is taking USAF money to try to resurrect Liberty.

When all you have is a hammer…

America In Space

Keith Cowing is pessimistic.

I’m not. NASA isn’t able to lead, but America will continue to.

[Update a few minutes later]

Speaking of which…

Falcon Heavy On The Pad

Launch now NET Jnuary 15th, with static engine test on Saturday. That will be impressive by itself, even without a lift off. If it’s successful, chances of a successful launch go way up. I suspect the biggest uncertainty is plume interaction between the cores, and that will resolve it.

Limiting State And Local Tax Deductions

Yes, it is a big f**king deal.

We accelerated our property tax payment to get it in this year, before the limit hits next year. This will cost us, but I hope it has the effect of finally reining in the tax-hungry politicians in Sacramento. It might even make it a useful campaign issue to get a few more Republicans into the legislature.

[Wednesday-morning update]

States trying to come up with new schemes to get around the limits.

Anything except actually reducing spending.