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  1. P

    Why people become pilots

    But Messershcmitt has been updated since her era. Panel is now all glass and has induction ham&cheese panini press. Much improved safety record.
  2. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    The early Austrian School is responsible for several of the foundation stones that modern economics is built on. It has also had several important economic theories created since it's early days. It's main difficulty in modern times is that it stays almost completely in the theory area of...
  3. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

  4. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    OK, now I see what you are doing with your argument and definitions. Yes, what you are defining as speculative gain does basically get 100% redistributed. but the point is that not ALL of the gains that can result from the existence and use of the market MUST be speculative. I gave two...
  5. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    A lot of places where speculative activity occurs are places that "make a market" - for example, a stock exchange. The process of "making a market" for speculative transactions creates real wealth. The speculation does happen, but the real magic and value comes from making a previously illiquid...
  6. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    I took math for engineers/mathematicians all the way through diffyQ and matrix math and never took a business math course. I ran into a few professors who were similarly deficient as your prof, but LUCKILY most econ profs with PHDs in even state colleges have a real mathematics background more...
  7. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    Yep, I did play fast and loose with interchanging economies and economics in that statement. My attempt at brevity and simplification for an idea means there is a big weakness there. I am going to respond with a simplified shortish answer that will cause 90% of the eyes to glaze over and still...
  8. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    Once again, a statement that has a basis in fact, but can be misleading about the situation. Modern economies are SO GOOD at making our lives better, that our life quality, length and ability to do things has no comparison to when we lived in valleys, tribes and caves. Even when we have major...
  9. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    Statements like this are pretty funny, and have some basis in truth. But they tend to encourage a lot of people to think that modern economics has much less capability than it actually has. My favorite analogy is in 3 parts and similar to Plato's allegory of the cave fire: For most of our...
  10. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    Sorry, I am just so used to explaining to people with an average understanding of economic mechanisms (basically none) and normal understanding of math and variance analysis. Not you bunch of overachievers. I simplified my explanation to about the level of someone in their first weeks of Econ...
  11. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    Inflation happens when either the value of money goes down or the value of goods go up (on average). People referencing inflation above are mostly talking about a reduction in money value due to the government increasing money supply. In this case, the goods have nearly the same value as...
  12. P

    Why are C150s (and other trainers/entry level planes) suddenly so expensive??

    I have some economics education, so I will take a crack at this. It is all about supply and demand. Supply of airplanes available for sale dropped during the pandemic for a few reasons. Those who own these small aircraft, on average, had more time to use them during this time, and thus were...
  13. P

    Forget electric flight propulsion for a minute. Electric *taxiing*???

    I was looking at some of the light weight wheel hub motors that are being installed in some of the newer electric kick scooters. The weight of the wheel with included motor is only a few pounds heavier than a wheel without a motor. When we get to the point that batteries can last for electric...
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    Video: Defiant - 247 knot helicopter

  15. P

    Dream workshop?

    If you have enough ceiling height, paint entire ceiling white with Home Depot Behr Ultra Pure White (the whitest paint available via normal retail channels) Then reflect 90+ CRI 4000K-4500K LED light strips up off the ceiling. Use enough strips to get about 75-90 lumens per square foot and have...
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    New Time to Climb Record

    Just thought THAT would be cool. piston/prop that fast, and still breathing air!!! OH, I think the editor of my post just did some clarification work.....
  17. P

    New Time to Climb Record

    "Join the Climb on a Record-Breaking Flight Watch pilot Dan Gray take off from Oxnard Airport in California and blast up to 100,000 feet in just 100 seconds." On the video link [ed: in nickec's original link ;) ]HERE.
  18. P

    New Time to Climb Record

    Editor might have missed an order of magnitude number error there....... Or SpaceX has some new competition, one of the two.
  19. P

    Basic Configuration for a "Safe" airplane

    Runway should still be much easier. The reason is that you can much more easily build sensors and automated control into the runways and taxiways. This is too expensive to do on roads, but a minor bump in price for an airport. You have very finite distances to travel with very defined...
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    Money for nothing and your lift for free

    This man MTV'd
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