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.
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|Other Independent Review articles by Robert Higgs|
|Winter 2017||First, Do No Harm|
|Fall 2016||Can the State Enforce Virtuous Behavior?|
|Summer 2016||Douglass C. North: Trailblazer|
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