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COPYRIGHT 2004 Investor's Business Daily, Inc.
Byline: THOMAS SOWELL
Cats are supposed to have nine lives, but fallacies must have at least 90. Some notions will be believed, no matter how many times they have been refuted by facts.
One of these seemingly immortal fallacies is the implicit assumption that our enemies have unlimited resources, so that our efforts at strengthening ourselves militarily are doomed to be self-defeating.
At least as far back as the 1930s, the intelligentsia and others have warned against military spending as setting off an "arms race" in which each side escalates its military buildup in response to the other, making the whole thing an expensive exercise...
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