This post is actually quite encouraging. It shows that U.S. military spending is shifting rapidly in the direction of R&D. That's exactly what the military should be spending money on.
If you use the internet, you're benefitting from U.S. military R&D!
adamtooze.substack.com/p/chartbook-36…
If you use the internet, you're benefitting from U.S. military R&D!
adamtooze.substack.com/p/chartbook-36…
A lot of people bash defense spending, but not all defense spending is created equal.
Historically, military spending is the kind of R&D that we've been able to get both parties to sign off on.
bloomberg.com/opinion/articl…
Historically, military spending is the kind of R&D that we've been able to get both parties to sign off on.
bloomberg.com/opinion/articl…
Research by Moretti, Steinwender, and Van Reenen shows that military R&D boosts private-sector economic activity.
That should come as no surprise to anyone who has read "The Entrepreneurial State" or "Jump-Starting America".
nber.org/papers/w26483
That should come as no surprise to anyone who has read "The Entrepreneurial State" or "Jump-Starting America".
nber.org/papers/w26483
The more we shift our military spending toward research, the better. Like it or not, that is how big government research projects get done in the United States. The entire economy will benefit.
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