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May 01 2026 Michael Hudson : May 1 2026 : We Need a Guns and Butter debate over the costs of the Iran War
For Counterpunch
Sixty years ago opposition to America’s war in Vietnam, a major attack concerned the costs of diverting U.S. resources away from social spending to the military – what was called Guns and Butter.
I was the junior member of the Columbia University triumvirate headed by Seymour Melman and Terence McCarthy. We lectured widely, wrote in… Continue reading