William Dickens wrote:
> >>>I don't think so. I would argue that you couldn't explain more than a 1 or 2%
>change in PV of future earnings as a result of 9/11 related events and that would be
>stretching.
Why is that such a stretch? Isn't there a significant possibility that
the ultimate effect will be a substantial expansion of the military,
with only a fraction of the losses from the civilian for-profit sector
going to the military for-profit sector?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"But being alone he had begun to conceive thoughts of
his own unlike those of his brethren."
--J.R.R. Tolkien, *The Silmarillion*
