U.S. Missile Defense
Is it a hopeless dream? Will we ever have failsafe technology to stop missiles? Will it launch a new arms race? Is it worth the cost, both in monetary terms and in terms of alienating the rest of the world? Can the money be spent better? Do North Korea and Iran pose that big of a threat?
Do my homework for me.
“It is a strange paradox that today’s central banks are generally staffed by economists, who by and large profess a belief in a theory which says that their jobs are, at the best, unnecessary, and more likely wealth-destroying. Needless to say, this is not a point widely discussed among respectable economists. Nevertheless, it is an issue worth pondering.”
George Cooper, The Origin of Economic Crises