Monday, September 27, 2010

How the wars in Iraq and Afghanistan affect economy

Good piece in New Deal 2.0 discusses how military spending is indeed stimulative, but it provides the least bang for the buck and how the military's "cost-plus" contracting leads to distortions in how private businesses design their products. Inevitably, these problems bleed over from one division of the company into all the other divisions.

No comments:

Post a Comment