Pete Hegseth Archives - Parkview Institute

No Matter Your Opinion on Iran, War Is Depression

War symbolizes economic decline like nothing else precisely because it’s defined by the extermination of the very people who create all the growth. The sad fact that economists near unanimously contend that war has a growth upside discredits the profession like nothing else. The speculation here is that American Institute for Economic Research fellow […]

Defense Spending, and the 5% of GDP Fallacy

By John Tamny / Defense Budget, Department of Defense (DOD), Pete Hegseth / March 30, 2026

The idea that defense spending should somehow be a consistent percentage of GDP is as fallacious as it is wasteful. Consider a recent Washington Post editorial. It oddly asserted that “Throughout the Cold War, the U.S. consistently spent more than 5 percent of GDP on its military.” The editorial’s point, and also lament, was that defense

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