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 2018||Principal-Agent Theory and Representative Government|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
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