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|
|Summer 2015||Gross Domestic Productan Index of Economic Welfare or a Meaningless Metric?|
|Spring 2015||Compassiona Critical Factor for Attaining and Maintaining a Free Society|
|Winter 2015||Tolstoys Manifesto on the State, Christian Anarchy, and Pacifism|
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