Tag: fiscal policy

Flying into an Economic Coffin Corner

 

US_Air_Force_U-2_(2139646280)

When a U-2 spy plane flies very high, the air gets very thin. This causes the the amount of air going over the wing to fall, so the wing thinks it is flying slower and therefore will stall (lose all lift) and fall out of the sky at much higher real speeds. The U-2 has another limit, its critical Mach number. This is the highest speed before the airplane will begin to tuck under and lose control due to transonic effects on the wing and tail.

Normally, there is a huge gap between the stall speed of the airplane and its critical Mach number. But as you climb higher, these numbers begin to converge. At the U-2’s highest operational altitude, the difference between the stall speed and the critical Mach number can be as little as five knots. This is known to U-2 pilots as the “coffin corner.” In the coffin corner, if you fly any faster, you lose control. Fly any slower … and you lose control. It’s extremely dangerous, and normally the plane would only be flown on autopilot in this region.

Member Post

 

I just read an article by a Keynesian economist arguing that voters and politicians shouldn’t be afraid of running deficits if it means avoiding recessions, and it got me pondering. I said to myself, “self, wouldn’t it be just as easy to say that voters and politicians shouldn’t be afraid of (short-term) recessions if it […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.

Member Post

 

What qualifies me as the most-principled, least-electable conservative in the Republican field?  As a third-generation Californian, my connections offer the GOP the best chance of winning my state’s tantalizing 55 electoral votes. And my political experience here in the Golden State speaks for itself: I’m not only president of the Bay Area Republicans Club but I’m also the […]

Join Ricochet!

This is a members-only post on Ricochet's Member Feed. Want to read it? Join Ricochet’s community of conservatives and be part of the conversation. Get your first month free.