WaPo: Update on the $3 Trillion WarQuicklink submitted by Josh Mitteldorf Permalink
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|Stiglitz and Bilmes follow up on their 2008 estimate that the Iraq War had already cost $3 Trillion. Double whammy: The War is a direct cause of the depressed state of the US economy, and the War is tying the Fed's hands, preventing a response that could bring us out. When you consider the good that could have come from investing in our future, the true cost of the War is many, many trillions.|
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