Category Archives: Economics

The Space Shuttle Decision

Forty years ago today, President Richard Nixon announced that the nation would build a reusable vehicle, that would be used to fly all of the nation’s payloads into space. It first flew a little less than a decade later, and flew its last flight last summer, after a little over thirty years of operations. We are only starting to recover from the policy disaster.

[Update late morning]

The Space Shuttle, in happier days (flyback booster, no SRBs, no ET).