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At that point I had a steady girl-friend, but also a Trucker Tropical Hawaiian Shirt good friend Robin. I was suppose to meet my girl-friend on Christmas Eve, but around 7:00 PM my friend Robin calls me up and tells me her mom has been bummed about about Christmas and there are no decorations at their home. She asked me, “Will you go get a Christmas tree with me?” That put me in a real dilemma with my girl-friend, but sometimes you have to do the right thing…so I called my girl-friend and told her what I had to do, she was cool. My friend Robin had lost her father when she was very young, and her mother never remarried her entire life. I sort of knew why because one day while over Robin’s house, she had a box of letters that her dad had written to her mom while he was a soldier, and we read them together…very old letters, but expressed who he was.

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For SpaceX, what is happening with Starship is not new. Two decades ago the company had a lot of Trucker Tropical Hawaiian Shirt 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 Trucker Tropical Hawaiian Shirt, 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