Colorado Public Banking

An analysis of global political economy based on the author's book

April 8, 2025

Guns and butter

Building up the military while tearing down social programs

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The production possibilities frontier (PPF) for guns versus butter.
Points like X that are outside the PPF are impossible to achieve.
Points such as B, C, and D illustrate the trade-off
between guns and butter: at these levels of production,
producing more of one requires producing less of the other.
Points located along the PPF curve represent sustainable combinations
of each type of production in a world where scarcity is a binding constrain.
A, however, is inside of the PPF and represents a combination
of output that is not utilizing all available resources.

Click the link for the full article: https://globalupdate.substack.com/p/guns-and-butter

RABows at 12:00 PM
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RABows
Political economist, writer, learning consultant, yogi, author, metaphysician, and a founder of the Public Banking Institute.
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