My History Can Beat Up Your Politics
INFLATION VS. SPACE: How The Cost of Things Limited the Space Program
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When President Kennedy inspired the nation to put a man on the Moon, he did so at a time when the word "inflation" was not on the mind of most Americans. Why should it have been, the rate was a paltry 1.1%. And we needed to beat the Soviets to the Moon. Once we did, and as the cost of goods, materials and rocket fuel rose over time, The United State's space dreams were limited.
Inflation didn't kill space, but it sure changed what the goals of going to space became. We look at the trends of inflation and space exploration on this episode.
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