Sunday, March 16, 2008

The True Costs of the Iraq War

We've should have an article coming on what the uniqueness of this economic slow-down means for law students, particularly those planning (or banking) on going to work as associates for big law firms.  One of the thrusts of the piece comes from Joseph Stiglitz's new book, the Three Trillion Dollar War: The True Cost of the Iraq War, in which the nobel-prize winning economist analyzes both the "hidden costs" and "opportunity costs" of the Iraq war.  The Guardian has a good piece on this:

Appetites whetted, Stiglitz and Bilmes dug deeper, and what they have discovered, after months of chasing often deliberately obscured accounts, is that in fact Bush's Iraqi adventure will cost America - just America - a conservatively estimated $3 trillion. The rest of the world, including Britain, will probably account for about the same amount again. And in doing so they have achieved something much greater than arriving at an unimaginable figure: by describing the process, by detailing individual costs, by soberly listing the consequences of short-sighted budget decisions, they have produced a picture of comprehensive obfuscation and bad faith whose power comes from its roots in bald fact. Some of their discoveries we have heard before, others we may have had a hunch about, but others are completely new - and together, placed in context, their impact is staggering. There will be few who do not think that whatever the reasons for going to war, its progression has been morally disquieting; following the money turns out to be a brilliant way of getting at exactly why that is.

Other than that, been busy.  More later.  Maybe. 

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