The Pro-War Media's Re-Positioning Problem
by Gary North
The cost of war rises. A fundamental law of economics then asserts itself: "When the cost of anything rises, less of it is demanded."
Simultaneously, the promised benefits of the war retreat into the distance. Another law of economics reasserts itself: "Future benefits are discounted compared to present benefits." There are no present benefits, except for the defense industry.
Costs today are rising relentlessly. Benefits are being pushed into the distant future relentlessly. We have passed the turning point. Estimating the cost-benefit ratio, voters have begun to cut and run.