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Thursday, 2002 February 21, 10:52 — economics, militaria

guns, butter

Steve White scores a good one:

Can someone explain to us why we expect the military budget to scale linearly with the GDP? Isn’t it the whole idea of a federal government that it will scale sub-linearly?

Are we just being mathematical and picky here, or do we detect an area in which it would be sensible for Big Brother to give us back some of our stolen lunch money? Hmm?

A scatter-chart of budgets around the world might be worth making. I wouldn’t be a bit surprised to find that the relation is super-linear at the high end, and sub-linear at the low end.

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