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I always find the "unlimited budget" angle interesting. The entire Apollo program had a budget of $165.5 billion (in 2021 dollars), over a 10 year program. $1
by soneil 3y ago
I always find the "unlimited budget" angle interesting.
The entire Apollo program had a budget of $165.5 billion (in 2021 dollars), over a 10 year program. $16.5 billion per year. It's a big number, but it's absolutely dwarfed by things like a $600bn military.
- dragonwriter 3y ago> The entire Apollo program had a budget of $165.5 billion (in 2021 dollars), over a 10 year program. $16.5 billion per year. It's a big number, but it's absolutely dwarfed by things like a $600bn military. Apollo was actually pretty close to the same GDP share (2.5% of GDP annually) as the modern defense budget (3.1% of GDP). Inflation-adjusted numbers ignore that we have more people and more value produced per capita now than in the 1960s.
- wkat4242 3y agoWasn't the military budget higher back then because of active wars? The Vietnam War was in full swing back then. I don't have the numbers though.
- dragonwriter 3y ago> Wasn’t the military budget higher back then because of active wars? Yes, the spending on the Apollo program is pretty close (as share of GDP) to the current military budget, not to the contemporary (1960s) military budget, which ranged from a 7.6-9.4% of GDP.