Category Archives: Economics

Private Space Exploration

There was an interesting conference in New York last week (that I would have liked to attend if it had been in my budget). It’s still hard to raise money for it, because modern philanthropists don’t know the history, and can’t conceive of anyone but NASA doing such things, but I think that this is the future.

[Update a while later]

Sorry, added missing link.

China And Space

They seem to be trying to get a little more innovative, but they don’t seem to be in a big hurry about it:

Reusable lift-body launchers will be developed in three stages — rocket-engine partial reusable vehicle, rocket-engine full reusable vehicle and combined cycle-engine reusable vehicle, said Lu.

The Long March carrier rockets still have room for improvement, Lu said, adding that the CALT is developing a heavy-lift launch vehicle with a payload of 140 tonnes to low Earth orbit and 50 tonnes to lunar transfer orbit.

The heavy-lift carrier rocket is currently called the Long March-9, and it should be sent into space by 2030, he said.

[Via Parabolic Arc]

Paris Agreement Advocates

Glenn Reynolds says they should practice what they preach, by government force if necessary:

First, we need to tax the “blue zones.” That is, we need to impose steep taxes on property in coastal areas that will be flooded by the sea-level increases that global warming is supposed to bring. By discouraging people from living or building there now, we’ll save ourselves from big problems in the future. Sure it’ll drive down property values, but those values should go down — they’re values for property that’s going to be flooded anyway, remember?

Second, we need to ban taxpayer-funded air travel to conferences. State legislatures could ban reimbursement for travel outside their states; Congress could require that no federal grant money be spent on air travel to conferences and similar events. A lot of academic conferences would fail, but that’s a small price to pay for saving the planet. And besides, it will encourage the development of Internet-based conference alternatives. A whole new industry might result: Green jobs!

Donald Trump can strengthen America by dumping Paris agreement: Sen. Inhofe
Third, we need to ban private jet travel. At first I thought about just taxing it heavily, but with the planet at stake, that might not be enough. It’s nice that John Travolta can have his own Boeing 707, or that Leonardo DiCaprio can jet around the world speaking against climate change, but the carbon emissions involved set a bad example that outweighs anything he might say. So no more private jets. Bigshots will just have to fly commercial like everyone else, the way they did in the 1950s. (And sorry, Leo, but massive yachts have to go, too). Politicians, too, should have to fly commercial. No more government-funded “executive jets” for them.

Fourth, we need a luxury tax on mansions. Any home more than twice the size of the average American home should be taxed at 25% of its value per year. Celebrities and the rich enjoy great powers of persuasion — but with great power comes great responsibility, and they have a great responsibility to set a good example for the rest of us on climate change!

As he says, it seems like a modest proposal.

Democrats And Climate

They’ve lost the argument, and it’s their own fault:

…many voters don’t see Democrats acting like people who believe we’re facing an extinction level event. For instance, why aren’t we talking about adding hundreds of new nuclear power plants to our energy portfolio? Such an effort would do far more to mitigate carbon emissions than any unreliable solar or windmill boondoggle –certainly more than any non-binding international agreement. Maybe there are tradeoffs, who knows.

Or take prospective presidential hopeful Andrew Cuomo. Setting intentions aside, in all practical ways, he’s been worse for the environment than Trump. Cuomo claims he “is committed to meeting the standards set forth in the Paris Accord regardless of Washington’s irresponsible actions.” Yet as governor, he’s blocked natural gas pipelines and banned fracking, which has proven to be one of the most effective ways to mitigate carbon emissions. U.S. energy-related carbon emissions have fallen almost 14 percent since they peaked in 2007 according to the OECD – this, without any fabricated carbon market schemes. The driving reason is the shift to natural gas. Why do liberals hate science? Why do they condemn our grandchildren to a fiery end?

Fact is, Obama—as was his wont—tried to shift American policy with his pen rather than by building consensus (which was also an assault on proper norms of American governance, but the “Trump is destroying the Constitution!” crowd is conveniently flexible on this issue.) It’s not a feasible or lasting way to govern, unless the system collapses. It is also transparently ideological.

It’s impossible for any intelligent person to take them seriously.