"'Guns and butter" generally refers to the dynamics involved in a federal government’s allocations to defense versus social programs when deciding on a budget."
https://www.investopedia.com/ask/answers/08/guns-butter.asp
I was watching the CNBC (business) channel a few minutes ago, and the investment analyst mentioned that a lot of US munitions have been expended in Europe recently, and need to be replaced. It occurred to me that at a time of economic contraction, the financing of increased military budgets may come under social and political review. I first heard the term "guns and butter" during the time of the Vietnam War.
https://www.investopedia.com/ask/answers/08/guns-butter.asp
I was watching the CNBC (business) channel a few minutes ago, and the investment analyst mentioned that a lot of US munitions have been expended in Europe recently, and need to be replaced. It occurred to me that at a time of economic contraction, the financing of increased military budgets may come under social and political review. I first heard the term "guns and butter" during the time of the Vietnam War.
