3 ms·
maybe the maintenance costs lead to a kind of forced deprecation and hence war is not that "expensive" anymore
by sambazi 3y ago
maybe the maintenance costs lead to a kind of forced deprecation and hence war is not that "expensive" anymore
- bryanrasmussen 3y agosure from an accounting standpoint there must be depreciation of munitions, and battleships and all that stuff, but the ledger does not allow for destroyed and bombed out farmlands and so forth. I'm pretty sure if this had been pointed out to Keynes he would have agreed but probably noted that it was not as easy to calculate that part.