Are we overpaying for military equipment?

2024-12-25 13:21:02 source:lotradecoin knowledgebase category:My

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.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:My

Recommend

'Secret Level' creators talk new video game Amazon series, that Pac

Spoiler alert! This story contains major details from the "Pac-Man" episode of Amazon Prime Video's

After magical, record-breaking run, Caitlin Clark bids goodbye to Iowa on social media

The long goodbye tour for Caitlin Clark ended Sunday, and the Iowa senior put a bow on it with a soc

Is it safe to look at a total solar eclipse? What to know about glasses, proper viewing

The much-anticipated solar eclipse will finally enshroud thousands of miles of North America today i