Tuesday, January 24, 2006

The science of graphs and wavy lines


Today's economics lesson on the cost of war comes to us from the desk of Robert Whaples, professor of economics at Wake Forest University. Professor Whaples has compiled the above graph which represents the cost of every major war the U.S. has fought in since the Civil War as a percentage of GDP.

Operation Iraqi Freedom has cost America in the last nearly-3-years, the equivalent of 2% of one-year's GDP. Say what you will about the Iraq war, as Jerry Bowyer is right to point out: any attempt to discredit this war based on its effect on the U.S. economy is an unnecessary distraction.

No comments:

  • Better Living: Thoughts from Mark Daniels
  • Evangelical Outpost
  • One Hand Clapping
  • Camp Katrina
  • TPMCafe
  • Dodger Thoughts
  • Boy of Summer
  • Irish Pennants
  • tabletalk
  • Fire McCain
  • My Sandmen
  • Galley Slaves
  • Michelle Malkin
  • myelectionanalysis
  • Iraq the Model
  • Mystery Pollster
  • A Bellandean! God, Country, Heritage
  • Right Truth
  • The Fourth Rail
  • Counterterrorism Blog
  • Just One Minute
  • Broken Masterpieces
  • Kudlow's Money Politic$
  • Econopundit
  • Tapscott's Copy Desk
  • The Blue State Conservatives
  • Palousitics
  • Christian Conservative
  • Outside the Beltway
  • The Belmont Club
  • Froggy Ruminations
  • The Captain's Journal
  • Argghh!!!
  • Chickenhawk Express
  • Confederate Yankee
  • Reasoned Audacity
  • Taking Notes
  • ThisDamnBlog
  • Three Knockdown Rule
  • Dogwood Pundit
  • Dumb Looks Still Free
  • Unfettered Blather
  • Cut to the Chase
  • Alabama Improper
  • Austin Bay Blog
  • Michael Yon-Online
  • The Trump Blog
  • A Lettor of Apology
  • GM Fastlane Blog


  • Powered by Blogger

    Listed on BlogShares Who Links Here