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|
|Fall 2015||How Big Is Government in the United States?|
|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|
|[View All (51)]|