Despite its supposedly strained relationship with the Saudi regime, the Obama administration, for example, still managed to offer the royals of that kingdom a record $136 billion in US weapons between 2009 and 2017.
The shift toward empire has brought about the destruction of American liberty and privacy here at home. That’s what the surveillance, torture, and indefinite detentions of American citizens are all about — to supposedly protect us from the dangers produced by U.S. intervention abroad.
Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.
America's "defense" budget is really more than $1.2 trillion, more than double the Pentagon's official "base budget," once we include all the other related spending like that on "homeland security" and veterans affairs.