Saturday, August 26, 2006

Lunar Supremacy and Lunacy

"The manned moon shot, like the war on terror, is an example of the inferiority of the political allocation of resources. In their choices of projects, political leaders do not seem to display a high degree of rationality, or at least their rationality seems distinctly below what common sense or even a small amount of thought might produce. The reason for this is that they have power to implement what they think is right or want without having personally to face the full measure of the consequences. They do not directly face the market test, which is this: Will consumers fork over their hard-earned money for the product? Politicians have a higher chance of implementing hare-brained schemes based on false theories. And if they can con the public, the degree of rationality falls even more steeply."

The entire essay is worth reading.

Those who have been following the discussion here re: state investments in spaceports - that last bit should be particularly of reference.


Blogger Mark said...

Showing the world the US of A is Numero Uno? Tell me, who didn't know that already?

A lot of our liberal elites.

Monday, August 28, 2006 11:31:00 AM  
Blogger  said...

It's our DNA.
It's a small, twisted function; that is all.

Stay on Groovin' (DNA Jungle) Safari,

Wednesday, August 30, 2006 8:21:00 PM  
Blogger Shubber Ali said...

It sometimes just hits me, if Newton had spent his money on helping the poor, we would have not had half of the things we do now.

really? You have an awfully low view of humanity, then. to assume NO ONE else would have figured out the laws of gravity if it weren't for Newton is naive to say the least. And I'm sure you're aware he wasn't the only one to "discover" calculus, right?

Tuesday, October 03, 2006 4:29:00 PM  

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