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ion. Clearly a triumph of forgetting. "It's really the decision of how to pay for it that has had such a negative effect on the U.S. economy," said Linda Bilmes, lecturer at Harvard's Kennedy School of Government and co- author, along with Nobel Prize-winning economist Joseph Stiglitz, of The Three Trillion D
n less discussed than the ongoing costs of the war are the opportunity costs -- the many things we might have spent that money on instead. In 2010, Bilmes and Stiglitz wrote that not only was their $3 trillion estimate of the war's cost too low, but so was their estimation of the opportunity costs: The
on. Clearly a triumph of forgetting. "It's really the decision of how to pay for it that has had such a negative effect on the U.S. economy," said Linda Bilmes, lecturer at Harvard's Kennedy School of Government and co-author, along with Nobel Prize-winning economist Joseph Stiglitz, of The Three Trillion D
n less discussed than the ongoing costs of the war are the opportunity costs -- the many things we might have spent that money on instead. In 2010, Bilmes and Stiglitz wrote that not only was their $3 trillion estimate of the war's cost too low, but so was their estimation of the opportunity costs: Th
ec. 30, and continues to climb. Where do those higher numbers come from? Front a fascinating paper by Nobel Prize economist Jo- seph Stiglitz and Linda Bilmes. who specializes in budget analysis. -The Economic Costs of the Iraq War" can be accessed at www.nberorg/ papers/w120S4 and is written in ordina
ef executive safely can turn over to former campaign aides piunping up their resumes with govenunent jobs. If anyone shrank Mr Stigiitts and Ms. Bilmes 38-page paper to the president's attention span, he woukl notice a few things. The CI3O, using that 2015 date, estimated the full cost at $500 bi
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