The Balance of Payments Ruse?

In an article titled Warfare versus Welfare Subsidies to Weapons Exporters, in Foreign Policy in Focus,  Jon Lottman argues that far from presenting a balance of payments advantage, the US government spends so much in subsidies to the weapons industry that balance of payments advantages are negated, and the weapons industry is a government welfare recipient.  (This article is outdated and I need more current references).


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