Financing American Defense

Seeks to determine the best method of financing the defense program and its probable effects on the American economy. Considers the near-cost prohibativeness of war to belligerents involved, instrumentality of government control over currencies and prices, the further burden on taxpayers which is created by the maintenance of large public debt, the cost and necessity of foreign aid, the cost and increase of non defense expenditures and the possibility of further military economies under the National Security Act of 1947.

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