Friday, February 18, 2011

Mazi's Link O' the Day

Take a look at the graphs about the defense budget, especially the second. Almost all the changes (as a percentage of GDP) have come as a result of real GDP growth or inflation, NOT from changes in the actual budget:

http://www.marginalrevolution.com/marginalrevolution/2011/02/sticky-budgets.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+marginalrevolution/hCQh+(Marginal+Revolution)

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