Military Spending/Gross Domestic Product = Nonsense for Budget Policymaking
By Robert Higgs
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 2019||Pressure-Release Valves in Participatory Fascism|
|Winter 2018/19||Two Worlds: Politics and Everything Else|
|Fall 2018||Against the Whole Concept and Construction of the Balance of International Payments|
|[View All (63)]|