Joseph Stiglitz: The Three Trillion Dollar War

This sounds as if it will be an interesting book. I am amazed that there is so little discussion of the cost of the Iraq and Afghan wars. The Democratic front-runner wants to increase the size of the military so that Americans are unlikely to see any decline in military spending. The type of Keynesian militarism that has fuelled the U.S. economy for ages does not seem to be even within the radar of present discussions of the U.S. economic crisis.
By Kevin G. Hall | McClatchy Newspapers
WASHINGTON — When U.S. troops invaded Iraq in March 2003, the Bush
administration predicted that the war would be self-financing and that
rebuilding the nation would cost less than $2 billion.

Coming up on the fifth anniversary of the invasion, a Nobel laureate
estimates that the wars in Iraq and Afghanistan are costing America
than $3 trillion.

That estimate from Noble Prize-winning economist Joseph Stiglitz also
as the title of his new book, "The Three Trillion Dollar War," which
store shelves Friday.



Popular posts from this blog

Danish company uses high tech solution to save water

Interview with UN Envoy Martin Kobler on situation in Libya

Dogs in small Finnish town to be fitted with special wolf-protection vests