Tuesday, April 30, 2013

Commercial Spaceflight Continues to Advance

Despite all the space socialism of the past century, the market is stepping up with some very interesting private spacecraft. My latest news article in Examiner covers Virgin Galactic's SpaceShipTwo and it's first powered flight that occurred yesterday.

This highlights, once again, the market will provide what is demanded, and absent government taxes, regulations, and crowding out we would have certainly seen this happen much earlier than 2013. Whatever the right time is for these projects, we will never know without a free market and it's price system to guide us rationally through the endless number of choices we face. This insight of economic calculation was first brought to us by Ludwig von Mises nearly 100 years ago, and one I stressed in my old Striking at the Root article on NASA.

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