Sep 8, 2014

Slaves or Mercenaries: Milton Friedman and the Institution of the All-Volunteer Military

From an essay by John D. Singleton:
Milton Friedman was the leading public proponent for an all-volunteer military. This chapter traces his influence upon the national debate over conscription, which culminated in Friedman’s service on the Gates Commission. Friedman’s argument relied on economic reasoning and appeal to cost-benefit analysis. Central was his conjecture that the social cost of the draft, which imposed an “implicit tax” on draftees, exceeded that of the all-volunteer military. This was supported by the work of Walter Oi. Friedman’s position attracted support both within the conservative movement and from across the political landscape, allowing Friedman to form coalitions with prominent individuals otherwise in disagreement with his politics. With the social context ripened by the draft and the Vietnam War, Friedman’s argument echoed in influential circles, reaching policymakers in Washington and Martin Anderson on the Nixon advising team. The successful institution of the all-volunteer armed force reflected Friedman’s intellectual entrepreneurship.

6 comments:

  1. We are direct mandate to providers and facilitators of all types of Bank Guarantee (BG), SBLC for Lease and Purchase. We engage in MTN, PPP programs, MT109, MT799, MT760, Loans, Sale and Lease of Financial Instruments. In addition we have a
    track record of 100% deliverance rate with the best workable procedures in the Financial Instruments industry. Our providers are very reliable and ready to transact.


    We have an excellent relationship with top rated banks in both Europe and Asia, Stock brokers and financial institutions all over the world. Within a short and transparent transaction period we can provide the SBLC/BG for your Heavy/Light project funding.

    We look forward to your cooperation as we establish a successful business relationship. Anticipating your inquiry

    Email: tekstructuredfinanceltd@gmail. com
    Skype: tekstructuredfinanceltd

    Regards
    David Thomas
    TEK STRUCTURED FINANCE LTD
    BROKERS ARE WELCOME

    ReplyDelete

  2. Do You Seek Funds To Pay Off Credits and Debts? { FIFOCapitals@gmail.com } Is Here To Put A Stop To Your Financial Problems. We Offer All Kinds Of Loan (Personal Loan, Commercial Loan, etc.) We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: FIFOCapitals@gmail.com

    Please Fill the Application Form Below:
    - Complete Name:
    - Loan Amount Needed:
    - Loan Duration:
    - Purpose Of Loan:
    - City / Country:
    - Telephone:
    - How Did You Hear About Us:

    If You Are Interested To Get A Loan Then Kindly Write Us With The Loan Requirement. Please, Contact Us via email: FIFOCapitals@gmail.com,,,

    ReplyDelete

  3. We Facilitate Bank instruments SBLC for Lease and Purchase. Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or business looking for extra capital to expand your operation,our company renders credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs.

    We help you secure and issue sblc and bank guarantee for your trade, projects and investment from top AA rated world Banks like HSBC, Barclays, Dutch Ing Bank, Llyods e.t.c because that’s the best and safest strategy for our clients.e.t.c

    DESCRIPTION OF INSTRUMENTS

    1. Instrument: Funds backed Bank Guarantee(BG) ICC-600

    2. Currency : USD/EURO

    3. Age of Issue: Fresh Cut

    4. Term: One year and One day

    5. Contract Amount: United State Dollars/Euros (Buyers Face Value)

    6. Price : Buy:32%+1, Lease: 4%+2

    7. Subsequent tranches: To be mutually agreed between both parties

    8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c

    9. Delivery Term: Pre advise MT199 or MT799 first. Followed By SWIFT MT760

    10. Payment Term: MT799 & Settlement via MT103

    11. Hard Copy: By Bank Bonded Courier


    Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request.



    Name: Muhammed Emir Harun

    Contact Mail :info.financewizardltd@gmail.com

    Skype: info.financewizardltd@gmail.com

    ReplyDelete
  4. Contact: Gary Snyder
    Skype ID: readysteadyfinancesltd
    Email: readysteadyfinancesltd@gmail.com
    Tele: +447031912976

    PARTICULAR INSTRUMENTS BANK

    Instrument: Fully Cash / Bank Guarantee (Standard ICC format)
    Age: Fresh Cut
    Interest Rate: ZeroCoupon
    Duration: One (1) year and One (1) day
    Currency: USD / Euro
    Menu Bank: WEB Top
    Amount: As Suggested by Beneficiaries
    Initial Deposit: Applies to Instrument Value Required
    Invoice Price: Four (4%) Percent of Face Value minus Paid Initial Payment
    Intermediate Fee: One Percent (1%) of the Face Value is paid by the Beneficiary
    Tranche: As per the agreed tranche schedule
    Shipping: Swift MT799 / MT760
    Payment: Swift MT103 (Wire Transfer)

    ReplyDelete

  5. We Facilitate Bank instruments SBLC for Lease and Purchase. Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or business looking for extra capital to expand your operation,our company renders credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs.

    We help you secure and issue sblc and bank guarantee for your trade, projects and investment from top AA rated world Banks like HSBC, Barclays, Dutch Ing Bank, Llyods e.t.c because that’s the best and safest strategy for our clients.e.t.c

    DESCRIPTION OF INSTRUMENTS

    1. Instrument: Funds backed Bank Guarantee(BG) ICC-600

    2. Currency : USD/EURO

    3. Age of Issue: Fresh Cut

    4. Term: One year and One day

    5. Contract Amount: United State Dollars/Euros (Buyers Face Value)

    6. Price : Buy:32%+1, Lease: 4%+2

    7. Subsequent tranches: To be mutually agreed between both parties

    8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c

    9. Delivery Term: Pre advise MT199 or MT799 first. Followed By SWIFT MT760

    10. Payment Term: MT799 & Settlement via MT103

    11. Hard Copy: By Bank Bonded Courier


    Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request.



    Name: Muhammed Emir Harun

    Contact Mail :info.financewizardltd@gmail.com

    Skype: info.financewizardltd@gmail.com

    ReplyDelete
  6. SBLC/BG LEASE & PURCHASE - NO TRANSMISSION FEE

    We are project funder as well as financial lender. We have BG/SBLC specifically for BUY/LEASE at a leasing price of 4%+1% of face value Issuance by HSBC London and many other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Also We are into the provision of short term and long term business/personal loans for both small and large scale business funds.

    FOR LEASING OF BG/SBLC

    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    LEASING FEE = 4%+1%


    FOR PURCHASE OF FRESH CUT BG/SBLC

    PRICE = 32%+1%

    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

    Name: Abdul selim gul

    Contact Email: easyfinanceltd980@gmail.com

    ReplyDelete