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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (75297)	2/6/2000 9:01:00 AM
From: yard_man	Read Replies (1) \| Respond to of 132070

That said -- I also think that the Austrians have a point about malinvestment that is bad -- encouraged by artificially low rates. I think there are malinvestments which have been made in the last 3 years which are not just enterpreneurial dead-ends ... but which could have been avoided and will be a real drag on economic activity for many years to come.

To: Don Lloyd who wrote (75297)	2/6/2000 10:06:00 PM
From: Earlie	Respond to of 132070

Don, Bill: I agree with the NASA point. "The chip" basically evolved within the NASA pressure cooker as the Space race was waged. Even the most optimistic futurist would have been laughed out of the room if he/she had forecast what that device might be able to provide, as little as two decades ago. Discussing this brings a story to mind. A great pal of mine, and a fellow Olympic aspirant at the time, came up here to compete in a major sailing competition. At that time, he was an engineer in the lunar lander program. Every morning, the two of us would go off to a very early morning breakfast. After breakfast, Mike would get on the pay phone to "The Cape" to discuss any problems that were cooking. Inevitably, he would haul out a most stunning (to me) device,...a hand-held calculator. At the time, it was worth several thousand dollars and its capabilities left this tech freak breathless. The same thing today costs a few dollars. Every once in a while I still marvel over how far we have come in technology during this last two decades. Best, Earlie