Policy:
JoT re
Ryan re Rev re "Liberals"

Ryan-

Good point about the practical restrictions on US military force.

I agree that lower military spending should lead to greater prosperity. Military hardware isn't capital, so spending on military hardware doesn't pay off the way spending in the private sector does. But the military and its industry have effectively lobbied to keep military spending artificially high, so I'm not sure how much of that benefit we'll see.

—JoT
May 2004

 

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