1 trillion dollars, 1 million lives, 1 fraud
What Does Iraq Cost? Even More Than You Think. by Tyler Cowen cites sources putting the direct financial cost to the U.S. government at over $1 trillion, though Cowen’s point is that taking into account opportunity costs, the price is higher.
I don’t believe I’ve posted about this trillion dollar fraud since January 2006. I just have to point out yet again that there’s nothing unusual about Iraq: advocates of war routinely underestimate the costs by a factor of ten (which makes such estimates fraudulent, in my estimation).
September 25th, 2008 at 21:09
[...] a far greater tragedy, but the financial tab of each will be of the same order of magnitude — US$trillions. Although the US$0.7 trillion number being cited is apparently made up, Barry Ritholtz’s [...]