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Essay Archive - The Economics of Federal Defense Policy
The Economics of Federal Defense Policy
Three out of four Americans polled in the 1992 election year believed that the
United States was heading in the wrong direction. With such an overwhelming
consensus, the country hired a new president to attempt to fix the vital issues
at hand. Although both Republicans and Democrats believed that the United States
was still the "sole superpower", the people of the United States saw that their
quality of life was deteriorating. In fact, the signs of economic, social, and
political decay were undeniable.
For example, the wages of production workers in America have declined twenty
per....
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