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


Abstract

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.



Other Independent Review articles by Robert Higgs
    Summer 2015   Gross Domestic Product—an Index of Economic Welfare or a Meaningless Metric?
    Spring 2015   Compassion—a Critical Factor for Attaining and Maintaining a Free Society
    Winter 2015   Tolstoy’s Manifesto on the State, Christian Anarchy, and Pacifism
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Volume 13 Number 1
Summer 2008

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