Friday, May 21, 2004

Some Other Costs of War by Robert Higgs (1991)

Since the end of World War 11, the government has spent about $10 trillion in today's purchasing power on military affairs. This is about two years of current production — as if every single person stopped working for two years. With a constitutional foreign policy, most of these resources would have been available for private investment. We are a much poorer country because they were not.

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