Military Spending and GDP
By Tom Woods
December 30, 2010
Stephan, Hoppe is of course correct, but my point wasn’t that GDP and military spending are unrelated in an “is” sense, but that they are unrelated in an “ought” sense. There is no logical connection between a country’s GDP and what it should be spending on the military, so when the neocons bleat about the need for military spending to be 4% of GDP, they are being the deceivers they are by nature.
Tom Woods is the winner of the 2019 Hayek Lifetime Achievement Award and the New York Times bestselling author of 13 books, including Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania. Get his truth-telling U.S. history courses for free at WoodsHistory.com.
Example #635,891,098,652 of the Corporate Media’s Useful Idiocy