via Instapundit
Easterbrook's column referenced here was from the late Bush Administration era. What struck me about it was his assertion that spending money on a moonbase was a waste.
Evidently, Easterbrook is not considering how much it costs to lift everything from the Earth's surface. You literally have to re-invent the wheel with every launch. Now, if you obtain your rocket fuel from the moon, or elsewhere, this will no longer be necessary. Consequently, each launch will become much cheaper. The key is to build infrastructure in space, as opposed to having everything on the ground. This requires an investment. If investments are waste, well, we may as well quit.
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