https://hotair.com/headlines/archives/2012/11/20/military-keynesians/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 04:29:45 -0400<![CDATA[More fundamentally, Fuller’s analysis fails to consider the impact that massive, ongoing Pentagon spending has on the economy. In a forthcoming paper to be published in The Review of Austrian Economics, George Mason University economists Chris Coyne and Thomas Duncan argue that the permanent war economy—military spending now consumes roughly 20 percent of our budget, at a cost of over $700 billion including war spending—draws resources into the military sector at the expense of the private economy, even in times of peace. They find that the huge defense budget undermines market processes and decreases our standard of living.]]>Tue, 20 Nov 2012 20:55:25 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/11/20/military-keynesians-n97647