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Are we overpaying for military equipment?

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Are we overpaying for military equipment?

29 Januari 2024

If the proposed defense budget is passed, it will account for roughly 3.5 % of U.S. GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market. And sometimes the system results in the Pentagon, and taxpayers, overpaying. This week, we're bringing you a three-part series on the defense industry. Today, we unpack how defense costs are getting so high and why it's happening. Related: Can Just-In-Time handle a new era of war? (Apple / Spotify) How to transform a war economy from peacetime (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: NPR Privacy Policy


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