Thursday, March 08, 2007

Guns and butter (the butter to feed the soldiers)

Mismeasuring the Defense Budget by Winslow T. Wheeler

Keynesianism is far from dead. The government pump-primes the economy to the tune of nearly $1 trillion a year, pouring the money into the military. Given the danger the 'founding fathers' saw in having a standing army - let alone a standing army more expensive than all other armies on the face of the planet combined - I think Keynes had a better idea on how to have the government subsidize demand.

Bury money, and pay workers to dig it up.

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