Tuesday, September 30, 2008

The Externalities of Branson

The private push towards space has been enjoyable to follow-- not only for its embarrassment of the government's attempts to explore the frontier, but who doesn't like the possibility of being weightless?

When people argue that NASA is worthwhile, oftentimes it goes down the path of "they do a lot of research and come up with a lot of things we wouldn't otherwise have." Well, true, but think of all the things we don't have because of NASA. Anyway, the positive externalities of technology need not come only from government ventures-- it looks like the climate change people will benefit from Richard Branson's space push.

$200,000 is the price for a trip at the moment; will it be 1/100th of that price in 15 years?

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