2 ms·
Holding the country fixed, I think defense spending as a fraction of GDP probably varies less than debt over time? Like, defense spending of course spikes durin
by jessriedel 2y ago
Holding the country fixed, I think defense spending as a fraction of GDP probably varies less than debt over time? Like, defense spending of course spikes during wars, but so does debt! (Which is indeed how it is often funded.)
- Retric 2y agoIt’s more about politics than your assuming. Defense spending was almost twice has high in 1958 despite no war going on as it was during the Iraq and Afghan war.
- jessriedel 2y agoI'm not assuming anything about the cause