Gresham’s Law states that bad money drives out good money, but anyone who has spent time around Washington, D.C., knows that this law can safely be applied to information too — bad information tends to drive out good information. Such is the case with America’s assessments of other countries’ military and economic power. Defense spending … Continue reading Why Russian Military Expenditure Is Much Higher Than Commonly Understood (As Is China’s)
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Why Russian Military Expenditure Is Much Higher Than Commonly Understood (As Is China’s)
Gresham’s Law states that bad money drives out good money, but anyone who has spent time around Washington, D.C., knows that this law can safely be applied to information too — bad information tends to drive out good information. Such is the case with America’s assessments of other countries’ military and economic power. Defense spending … Continue reading Why Russian Military Expenditure Is Much Higher Than Commonly Understood (As Is China’s)