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Article: STIGLITZ GETS THE MATH ALL WRONG.(Editorial)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- March 14, 2008
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Copyright informationCOPYRIGHT 2008 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: AMITY SHLAESSYNDICATED COLUMNIST
Three trillion dollars is the amount Nobel Prize winner Joseph Stiglitz puts as the cost of the Iraq war. In a new book the economist argues that the Bush administration has underestimated outlays for the war by hundreds of billions.
"The Three Trillion Dollar War" is a valuable reminder that wars usually cost more than budget figures suggest. Still, Stiglitz and his co-author are off the mark when it comes to their larger charge that this conflict is necessarily darkening the future.
Stiglitz and Linda Bilmes start with legitimate points. The first is that the administration hasn't done a good job with numbers. In the ...
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