Remember when Columbia’s Joseph Stiglitz and Harvard’s Linda Bilmes argued (.pdf) in January of last year that the true cost of the Iraq War was around $2 trillion?
Less well known is that by the end of the year, they were going even further, arguing (.pdf) that “the $2 trillion number –- the sum of the current and future budgetary costs along with the economic impact of lives lost, jobs interrupted and oil prices driven higher by political uncertainty in the Middle East –- now seems low.”
9:46 am on January 17, 2007
