Margin of Error

“Balanced” Budgets are Fine When You Have Plenty of Cash, but Balance May Not be Enough to Prevent a Crash

November 14, 2011 Budget

When I was a young Air Force pilot, one of the greybeards that I flew with counseled me that the most important job of an Aircraft Commander was “managing the margin of error.” Flying close to home, with less than a full load, or in good weather was much different from flying over the Pacific, […]

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