Bad Idea: Failing to Think on the Margins of the Defense Budget
Defense budgeting discussions frequently feature all-or-nothing thinking. But considering the marginal costs and benefits of additional spending can lead to better spending decisions.
Defense budgeting discussions frequently feature all-or-nothing thinking. But considering the marginal costs and benefits of additional spending can lead to better spending decisions.
While we should not go back to a time where military wages failed to keep pace with civilian salaries, neither should we succumb to cost disease. We must invest in understanding and increasing labor productivity.