Category Archives: Economics

The Value Of College Degrees

High risk, high reward.

Anyone who talks about the ROI of a degree without talking about the type of degree, or the relative value of one school over another, is either profoundly ignorant, or fraudulent. The fact is that there are a lot of degrees for which one would have to be a fool to put themselves deep into undischargeable debt to obtain. Unfortunately a lot of people don’t understand that, and are the most likely to get those worthless degrees.

Space Development And Settlement

A new alliance. This is long overdue.

I’m not sure about the prize idea, though. I’d rather the government actually purchase bulk items (e.g., water) on orbit. The goal should be a low cost per pound, not reusability per se. I’m pretty sure that reusability would naturally fall out of that. And reusable vehicles will have to be reliable to hit the cost goal.

Risk Aversion

costs more than fast failure.

This is about defense, but it applies to space as well. NASA in particular suffers from paralysis by analysis, as demonstrated by how long and how much money it took to do that stupid Orion test flight last year (and how long and how much more money it will be until the next one). But it doesn’t matter, because Congress doesn’t really care if anything is accomplished as long as the jobs don’t go away. I may expand on this in the next edition of the book.