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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Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there (more...)