What restricts the individual's freedom is not other people's violence or threat of violence, but the physiological structure of his body and the inescapable nature-given scarcity of the factors of production.--------Ludwig Von Mises
9/10/2011
$265 Bomb, $300 Billion War: The Economics of the 9/11 Era’s Signature Weapon
What I found interesting in this article is the contrast between the cost of improvised explosive device(IED) and the cost of counter-IED.If we pay attention to the great difference,we can see clearly that it's not that profitable for a country to launch wars against a poorer country,regardless of the potential resources it can get. Some people claim that a war can reconstruct a nation's economy,but when I look at the domestic condition of Iraq and Afghan,I cannot see any resurgence; instead, more American soldiers and local people die or wound,terrorism becomes rampant,and the US government deficit on war is skyrocketing.
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