The GDP Defense Defense

Although he resists saying so directly, I think that the upshot of Travis Sharp’s Parameters article on GDP and the defense budget would run something like this: People who want to lock in the defense budget as a percentage of GDP are liars, morons, or both. Read the whole thing, but focus in particular on the suggestion that the United States won the Cold War because, rather than in spite of, the fact that it devoted far less of its economy to defense than the Soviet Union.

But then Parameters is just a left wing rag, so no need to pay attention to it anyway…