Category Archives: Economics

Business, Economics, Media Criticism, Political Commentary, Science And Society, Space, Technology and Society

Elon Musk And “Space Exploration”

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Here‘s kind of a typically dumb piece, which reeks of Apolloism:

I am a big fan of space exploration and I think that Elon Musk’s SpaceX is a visionary company that is trying to conduct meaningful space exploration. Yet, Congress might want to take a hard look at the ticket price for Musk’s latest endeavor before spending $10 billion to populate Mars.

First, SpaceX is not “trying to conduct meaningful space exploration.” It is trying to establish human settlements on Mars. And if it could really be done for as little as $10B, that would be an incredible bargain to the taxpayer, compared to (say) spending that same amount on SLS/Orion in the next three years, as NASA currently proposes.

I am a limited government conservative, yet I fully support government funded space travel. But it must be smart and it can’t fund risky adventures. The one concern I have about SpaceX’s plan to travel to Mars is that, on its face, the plan seems more like a for-profit enterprise than true space exploration. I would support pure exploration of Mars and a project that has a stated goal of forwarding humanity. Musk’s idea seems like he is more in it for profit than science.

#ProTip: “Limited-government conservatives” do not spurn profit. And even if making a profit on “science” was really a bad thing, settling Mars has nothing to do with “science.”

According to the Los Angeles Times, Musk has received about $4.9 billion already in government subsidies for his three companies. Now he comes to the federal government wanting more. And he has been the beneficiary of many contracts to put satellites into space that run in the billions.

#ProTip: Tesla and Solar City get subsidies. SpaceX gets contracts. One is nothing like the other two, other than federal dollars are involved.

This is a laudable idea and Elon Musk should be celebrated as one of the great innovators of our time, yet the taxpayers should not be funding for profit space exploration and may want to find another contractor who wants to go to space for purely scientific space exploration.

This is a perfect example of the mental confusion that occurs when (as many ignorantly did with Apollo) we conflate “exploration” with “science” with space development and settlement. Mr. Woodson needs to go read my recent screed.

[Update a couple minutes later]

As usual, the comments over there are idiotic, including a couple appearances of the ignorant “NASA’s Muslim outreach.”

Business, Economics, Media Criticism, Political Commentary, Space, Technology and Society

SLS/Orion

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This is almost comical, or would be if it wasn’t such a tragic waste:

In an interview this summer, the engineer who oversees the development of SLS and Orion for NASA, Bill Hill, acknowledged that the vehicles were too costly now to be practical. “We’re just way too expensive today,” Hill told Ars. “It’s going to take some different thinking and maybe a little bit more risk taking than what we’re wanting to do today.”

Gee, if only someone had warned them about this. Or if only insane NASA boosters had realized that how much things cost really does matter.

Business, Economics, Health, Law, Media Criticism, Political Commentary

Trump And ObamaCare

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No, amending it won’t work. They deliberately designed it to ensure that it wouldn’t.

Allowing people to buy insurance with pre-existing conditions remains as economically insane as when it was first proposed. There are better ways to deal with this than effing up the insurance market. And 26-year olds are supposed to be adults, though that’s just stupid, but not as economically harmful.

[Update a few minutes later]

And yes, live by reconciliation, die by reconciliation. Have it on his desk to sign on his first day.

Business, Economics, Mathematics, Media Criticism, Political Commentary, Science And Society, Technology and Society

Trump, And Climate

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Thoughts from Judith Curry. tl;dr He’s not crazy:

In my post Trumping the elites, I stated that Trump’s election provided an opportunity for a more rational energy and climate policy. Many in the blog comments and the twitosphere found this to be an incomprehensible statement.

Here is what I think needs to be done, and I do see opportunities for these in a Trump administration:

  • a review of climate science that includes a faithful and transparent representation of uncertainties in 21st century projections of global and regional climate change
  • reopening of the ‘endangerment’ issue, as to whether warming is ‘dangerous’
  • a do-over on assessing the social cost of carbon, that accounts for full uncertainty in the climate model simulations, the integrated assessment models and their inputs.
  • support funding for Earth observing systems (satellite, surface, ocean) and research on natural climate variability.

Even if politics are to ‘trump’ the conclusions of these analyses, it would be clear that the Trump administration has done its due diligence on this issue in terms of gathering and assessing information. If the Trump administration were to accomplish the first 3 items, they might have a scientifically and economically defensible basis for pulling out of the Paris agreement and canceling Obama’s Clean Power Plan.

I noted the other day on Twitter that if Myron is the new EPA administrator, we’ll finally have one who is not a rabid environmentalist, and will follow the law, doing actual cost/benefit analyses. As a bonus, many EPA employees may quit (though it’s unclear if they have any marketable skills outside of government).

Business, Economics, Media Criticism, Political Commentary, Space, Technology and Society

Orion

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The slow, inevitable death begins:

Entering into the transition period between presidents, NASA’s administrator, Charles Bolden, has encouraged the next White House administration to continue support for Orion and the Space Launch System rocket, which account for more than $3 billion annually. Congress, too, has expressed a strong interest in continuing work on these vehicles.

However one source told Ars that it may become necessary to choose either the Orion capsule or NASA rocket in the coming years as the space agency looks to pare back its budget, and this might necessitate going to a less expensive, more privately developed vehicle. “Look,” this source said, “if you have to cancel a program, this is a responsible way of lining up a replacement.”

It will be a bloody political battle, but ultimately, SLS won’t be far behind.