Gresham’s Law states that bad money drives out good money, but anyone who has spent time around Washington, D.C., knows that this law can safely be applied to information too — bad information tends to drive out good information. Such is the case with America’s assessments of other countries’ military and economic power.
Defense spending […]The post Why Russian Military Expenditure Is Much Higher Than Commonly Understood (As Is China’s) appeared first on War on the Rocks.