Why NASA Hired a Chief Economist | Odd Lots

This week, NASA is scheduled to launch Artemis II, a mission that will send astronauts around the moon for the first time in more than 50 years. But this comes at a time when the space agency is facing some pretty big funding challenges, as well as growing competition with private players like SpaceX. In this episode, we speak with Alexander MacDonald, who served as NASA's first chief economist and is now a senior associate at the Aerospace Security Project at CSIS. We talk about why the space agency had economists, how space exploration is funded, and how NASA measures its own economic impact. Please note, this episode was recorded March 10. Chapters: 00:00:00 - Opening Discussion on Space Economy 00:00:57 - Podcast Introduction 00:04:00 - What Does NASA's Chief Economist Do? 00:06:08 - McDonald's Background and Path to NASA 00:09:15 - Historical Transition from Private to Government Funding 00:13:05 - End of Space Shuttle Program 00:16:28 - NASA Budget History and Strategy 00:22:09 - Economic Rationale for Space Exploration 00:25:41 - Lunar Economy vs Low Earth Orbit Economy 00:29:15 - Orbital Data Centers Discussion 00:32:08 - Space Elevators and Technology Evaluation 00:35:45 - Artemis Program Timeline 00:38:11 - Mars Colonization Discussion 00:42:08 - Public vs Private Space Investment 00:44:46 - Lunar Territory and International Law 00:47:33 - Conclusion and Alien Invasion Economics Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Watch more Odd Lots episodes: https://www.youtube.com/playlist?list=PLe4PRejZgr0OJbRzA6nWybYiThLJd_ouz Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots: https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV Get the Odd Lots newsletter: https://www.bloomberg.com/account/newsletters/oddlots And for all things Odd Lots, visit https://www.bloomberg.com/oddlots #Investing #Markets #Finance #Bloomberg #Podcast #OddLots Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg

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