Archive for October, 2006

Quote of the Day

Posted in Quotes, Science on October 31st, 2006 by Chip Gibbons

At two-tenths the speed of light, dust and atoms might not do significant damage even in a voyage of 40 years, but the faster you go, the worse it is - space begins to become abrasive. When you begin to approach the speed of light, hydrogen atoms become cosmic-ray particles, and they will fry the crew. . . . So 60,000 kilometers per second may be the practical speed limit for space travel. - Isaac Asimov

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NASA to Repair Hubble

Posted in Government/Politics, Religion, Science on October 31st, 2006 by Chip Gibbons

From Yahoo News:

CAPE CANAVERAL, Fla. - NASA will send a space shuttle to repair the 16-year-old Hubble Space Telescope, agency Administrator Michael Griffin announced Tuesday, reversing his predecessor’s decision to nix the mission.

Griffin’s announcement at NASA operations in Greenbelt, Md., was greeted eagerly by astronomers who feared Hubble would deteriorate before the end of the decade without new sensors and other upgrades.

The 11-day rehab mission, likely launching in May 2008 using space shuttle Discovery, would keep Hubble working until about 2013. Its estimated cost is $900 million.

The Hubble telescope has captured some of the most spectacular images of the universe, popularizing astronomy while at the same time advancing our understanding of space.

It has enabled direct observation of the universe as it was 12 billion years ago, discovered black holes at the center of galaxies, provided measurements that helped establish the size and age of the universe and offered evidence that the expansion of the universe is accelerating.

Nice to see the government spend my money on something worthwhile, that can actually advance our understanding of what exists and consequently the truth.

If we can see the universe as it was 12 billion years ago, how can the Biblical story of creation be true? Either what the Hubble has shown us is a fraud or the Bible is a fraud. They can’t both be true.

Either the universe existed 12 billion years ago or it didn’t. It’s a binary circumstance.

Check out this gallery of pictures from the Hubble Telescope.

Also visit the Heritage Gallery of Hubble Images.

The Sombrero Galaxy [from Hubblesite.org collection], which is estimated to be 30 million light years from earth.

Picture of Sombrero Gallaxy

Who Increases National Debt More? Republicans or Democrats?

Posted in Gold, Government/Politics on October 31st, 2006 by Chip Gibbons

Check out this interesting graph of how the National Debt increased under each president since 1938.

Prior to the Neo-Conservative take over of the Republican Party there was not much difference between the two parties debt philosophy, they both worked together to minimize it. However the debt has been on a steady incline ever since the Reagan Presidency. The only exception to the steep increase over the last 25 years was during the Clinton Presidency, where he brought spending under control and the debt growth down to almost zero.

Comparing the borrowing habits of the two parties since 1981, when the Neo-Conservative movement really took hold and government spending really has gone out of control, it is extremely obvious that the big spenders in Washington are Republican Presidents. Looking at the only Democratic President since 1981, Mr. Clinton, who raised the national debt an average of 4.3% per year; the Republican Presidents (Reagan, Bush, and Bush) raised the debt an average of 10.8% per year. That is, for every dollar a Democratic President has raised the national debt in the past 25 years Republican Presidents have raised the debt by $2.59. Any way you look at it Conservative Republican Presidents can not control government spending, yet as the graph above clearly shows, President Clinton did.

What I find even more interesting about the chart is to see the exponential increase in debt after Richard Nixon drove the final nail in the coffin of the gold standard.

Most countries began abandoning the gold standard in the 30’s and as the world prepared for World War II there was massive borrowing around the world. (Banks make a lot of money from war debt.)

In the years that followed, nations pursued bilateral trading agreements, and by 1935 the economic policies of most Western nations were increasingly dominated by the growing realization that a global conflict was highly likely, or even inevitable. During the 1920s the austerity measures taken to restabilize the world financial system had cut military expenditures drastically, but with the arming of the Axis powers, war in Asia, and fears of the Soviet Union exporting communist revolution, the priority shifted toward armament, and away from re-establishing a gold standard. The last gasp of the nineteenth century gold standard came when the attempt to balance the United States Budget in 1937 led to the “Roosevelt Recession.” Even such gold advocates as Roosevelt’s budget director conceded that until it was possible to balance the budget, a gold standard would be impossible. [boldface added]

War is always an excuse for massive spending, taking money from the taxpayers and giving it to the politically well-connected special interests that wanted the war to protect their power and profits in the first place.

See my related post about the relationship between war and fiat money, War Brings a Return of Fiat Money.

Quote of the Day

Posted in Ayn Rand, Quotes on October 30th, 2006 by Chip Gibbons

Every man builds his world in his own image. He has the power to choose, but no power to escape the necessity of choice. If he abdicates his power, he abdicates the status of man, and the grinding chaos of the irrational is what he achieves as his sphere of existence - by his own choice. - Ayn Rand, Atlas Shrugged

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