Ed Driscoll

Just A Buck, You Can Change Their Luck

John Hawkins has a graph comparing the cost of Operation Iraqi Freedom as a percentage of GDP with previous wars America has fought:

The chart was prepared by Robert Whaples, professor of economics at Wake Forest University. Bowyer then calculates the cost of the Iraq war as a percentage of America’s GDP and finds it to be the second cheapest war we’ve ever fought — 2% GDP cost-to-date versus 1% GDP for the 1st Iraq war. You remember that one – the one we didn’t finish.

IndeedTM.