The cost of war

I’ve seen a lot of people try to explain what money spent on the Iraq and Afghanistan wars could have purchased in social services.  But that’s true of any war.  In the August 1934 Reader’s Digest, this small item appeared:

“The World War, all told, cost—apart from 30 million lives—400 billion dollars.  With that money we could have built a $2500 house, furnished it with $1000 worth of furniture, placed it on five acres of land worth $100 an acre and given this home to each and every family in the United States, Canada, Australia, England, Wales, Ireland, Scotland, France, Belgium, Germany and Russia. We could have given to each city of 20,000 inhabitants and over, in each country named, a five million dollar library and ten million dollar university.  Out of what was left we could have set aside a sum for an army of 125,000 teachers and a like salary for another army of 125,000 nurses.” Nicholas Murray Butler