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What the Warfare State Really Costs by Thomas E. Woods, Jr.

What the Warfare State Really Costs by Thomas E. Woods, Jr.: "Estimates of the cost of the Iraq war continue to escalate to levels well beyond what its optimistic architects once promised. Most notable, perhaps, has been the estimate of Columbia University’s Joseph Stiglitz, who, in a January 2006 paper with Harvard’s Linda Bilmes, put the full cost at around $2 trillion. By the end of the year, the two had grown even more pessimistic: The $2 trillion number – the sum of the current and future budgetary costs along with the economic impact of lives lost, jobs interrupted and oil prices driven higher by political uncertainty in the Middle East – now seems low."

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