Source: Paul Krugman
by Paul Krugman
“One of the reasons to be disturbed by this war is the extraordinary amount of money the U.S. government is either laying out now or will have to lay out in the future to replace the spent munitions. The modern American way of war is extremely capital-intensive, deploying massive amounts of equipment while putting relatively few people in harm’s way. This has been true ever since World War II …. But the U.S. military’s reliance on munitions rather than manpower can create two problems. The first problem is that modern munitions, which are highly sophisticated and complex, can’t be produced on short notice …. The other problem is that U.S.-style war is incredibly expensive — so much so that the cost becomes a serious concern even for a nation as wealthy as America.” (03/03/26)
https://paulkrugman.substack.com/p/war-is-expensive-for-the-little-people