Monday, January 10, 2011

Great point about Government's use and misuse of money

As many of our readers know I head down to Arizona each year to catch the annual Space Access conference. I enjoy following what is happening in private space businesses.

Rand Simberg does a great job in Transterrestrial Musings of reporting on space.

In one of his recent posts was this profound comment:

To the private sector a half a billion dollars is enough to start a whole new industry. To the federal government it is a rounding error. How many new industries will be lost due to a wasteful spending of a totally dysfunctional federal government?

Many of the big high tech companies were starts with just a couple million dollars.

(Hat tip: Instapundit)

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