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My funny story is when Santa put himself on the naughty list. I travelled the Las Vegas Raiders NFL Mickey Ornament Personalized Your Name SP12102347ID05 home from work a few years ago, and I enjoyed all the Christmas lights and decorations every night. One house had a huge blow up Santa on top of the garage, with his arm raised, waving at you when the wind blew. One day I left work early, and it was still daylight. As I turned the corner on this windy day, I saw Santa was a bit deflated. He was slightly bent over and his arm had fallen down so that his hand was between his legs, and the wind was blowing a bit, and he was gently bobbing up and down, up and down, and he seemed to be enjoying himself entirely too much! I was crying with laughter, and I can never look at Santa again without flashbacks.

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For SpaceX, what is happening with Starship is not new. Two decades ago the company had a lot of Las Vegas Raiders NFL Mickey Ornament Personalized Your Name SP12102347ID05 with its first rocket, the Falcon 1, and some years later, they were landing rockets on a ship hundreds of kilometers offshore. The same success will eventually occur with Starship, even if there are a few ‘booms’ and mishaps along the way. In fact, the team at SpaceX needs those accidents, to learn faster how to improve its next inventions so that the same problem does not happen again. The core principle of the company is “build, fail, learn, iterate,” a very different path from those of other traditional aerospace companies who plan their rockets for 10 or 15 years and do not assume risks. Besides, the cost and effort to build a Starship prototype is getting increasingly lower with time, in such a way that the team at Boca Chica is learning to produce Starships like hot bread. SN10 is already on the launch stand waiting for its turn to fly, and more prototypes are in construction right now. So SpaceX can afford to lose a few rockets from time to time without risking the continuity of the program.

“In economics, income = consumption + savings. The income an indivual, or a country, produces is either consumed and/or saved. If you , or a Las Vegas Raiders NFL Mickey Ornament Personalized Your Name SP12102347ID05, overspends, you or the country dips into savings or creates debt.” I think this answer is true for the firm or the individual but in the whole economy it is no longer true. In the macroeconomy, everytime some person or entity doesn’t spend, some other person or entity has their income reduced by the same amount. And because that person won’t get their hands on that money, they will not have it to spend further, so the next would-be recipient of that spending doesn’t get that income, which they in turn will not be able to spend….. and so on