Guns and butter

September 11, 2011

 

Long mum on the link between the U.S. wars in Afghanistan and Iraq and the country’s economic distress, mainstream economists have started connecting the dots — and it doesn’t make for a pretty picture. A Brown University study published in June found the total cost of the two conflicts to be on the order of $4 trillion, nearly 30 percent of U.S. GDP and enough money to employ 8 million Americans at $50,000 a year for 10 years.

from Global Investing:

Top Gun economics

December 8, 2008

It's not often that economists turn their attention to military hardware, but Deutsche Bank has done just that in its latest world outlook. The subject is aircraft carriers and what it sees as the strange desire among a number of countries to build them.