Military spending as a share of total national output is a worthless indicator for helping to determine the American publics genuine defense needs. As a political tool for protecting Pentagon budgets from prudent cutbacks, however, it excels.
|Other Independent Review articles by Robert Higgs|
|Winter 2015||Tolstoys Manifesto on the State, Christian Anarchy, and Pacifism|
|Fall 2014||Ronald Coase, Anomalous Superstar of the Economics Profession|
|Summer 2014||The Feds Immiseration of People Who Live on Interest Earnings|
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