Our Permanent War Economy

by Jacob G. Hornberger
Mar. 22, 2012

In an era of unrestrained federal spending and debt, one of the most ludicrous arguments made by statists is that reducing the military budget would be harmful to the economy. Their suggestion is that military spending is beneficial to the economy — that it creates jobs. Reducing military spending, they say, would result in laying off troops and downsizing of firms that supply uniforms, guns, etc. to the military.

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