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.
Military Spending/Gross Domestic Product = Nonsense for Budget Policymaking
By Robert Higgs
This
article
appeared in
the Summer 2008 issue of The Independent Review.
Defense and Foreign PolicyDefense BudgetEconomic PolicyEconomyFederal Budget PolicyGovernment and PoliticsGovernment Waste/PorkTaxes and Budget
Other Independent Review articles by Robert Higgs | ||
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Fall 2018 | Against the Whole Concept and Construction of the Balance of International Payments | |
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