The True Cost of War

“The Iran war is ripping across the US economy at a cost of hundreds of billions of dollars in lost output, as soaring fuel prices, rising borrowing costs and supply chain snags erode Americans’ prosperity,” the Financial Times reports.

“While early estimates by the Trump administration have put the direct price tag to US taxpayers at $29 billion, economists foresee a far larger toll once the full military bill and higher financing costs are considered.”