Economist Shreds Trump Admin's 'Lowball' Iran War Cost Estimate: 'Possibly Trillions'
Justin Wolfers says the Pentagon’s figure covers only narrow military costs, while other economists estimate the war has already wiped about $3 trillion from markets.
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Economist shreds Trump admin's 'lowball' Iran war cost estimate: 'Possibly trillions'
University of Michigan professor Justin Wolfers on Friday joined a growing number of economists and other critics casting doubt on what he called “the Pentagon’s lowball $25 billion estimate” for the cost of President Donald Trump’s illegal war on Iran.While testifying before Congress last week alon...
War, billionaires, and economists -- what are they good for?
Justin Wolfers is a master of demystification. This thing we call the economy runs our lives, sometimes invisibly, sometimes very, very visibly and tangibly, but it often eludes our understanding.So I caught up with Justin in this conversation and put to him some of the economics questions that have been on my mind lately:— What is the true cost of the war on and in Iran, who pays it, and what might we have built instead if we spent the money on…
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