Military Spending/Gross Domestic Product = Nonsense for Budget Policymaking
By Robert Higgs
This article appeared in the Summer 2008 issue of The Independent Review

Military spending as a share of total national output is a worthless indicator for helping to determine the American public’s genuine defense needs. As a political tool for protecting Pentagon budgets from prudent cutbacks, however, it excels.

 PDF Read the Full Article (PDF, 3 pages)


Other Independent Review articles by Robert Higgs
    Summer 2017   Moderation in Response to Provocation Is No Vice
    Winter 2017   First, Do No Harm
    Fall 2016   Can the State Enforce Virtuous Behavior?
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