Look up the economist Basquiat: you can raise the GDP by tossing bricks through windows — money will be spent replacing /repairing them which contributes to the GDP.
But that same money could have been spent differently on things people like, or invested.
These ships, and the structure of military spending, is more like Basquiat’s example.
But that same money could have been spent differently on things people like, or invested.
These ships, and the structure of military spending, is more like Basquiat’s example.