Sunday, January 23rd, 2011

The price of war

On April 16, 1953, President Dwight Eisenhower made a speech before the American Society of Newspaper Editors in which he pointed out the enormous cost of the Cold War. He pointed out that “every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.”

Felix Salmon brings the speech up to date in a set of graphs to illustrate the opportunity cost of war.

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