Monday, September 26, 2011

Economic consequences of the Iraq/Afghanistan wars

Menzie Chin over at Econbrowser (see here) helps us "see" the real impact (see graph below, click to enlarge).

The graph is "cumulative real direct costs in constant 2010 dollars."  As the analysis states:

By the way, the macro challenge posed by the unfunded war (combined with tax cuts and a new, unfunded, Medicare Part D mandate) was not unforeseen.

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