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Letter to the Editor.

By Feltes, Larry
Publication: Armed Forces Comptroller
Date: Friday, September 22 2006

Dear Journal Editor:

Nobel Prize (Economics) winner and University Professor at Columbia University Joseph Stiglitz has a much more economics oriented estimate of the full costs of the Iraq [war] at his web site. An interesting read--check it out. [Editor's note: You can read the article

at http://www.columbia.edu/cu/news/06/04/stiglitz.html.] Your estimates on page 42 of the (Spring 2006) issue of Armed Forces Comptroller are too "accounting" oriented in the context of full economic costing for decision support at the national Level. His numbers far exceed yours-in the range of $2 trillion, plus the injured and loss of life.

Otherwise, congratulations on a fine issue. Keep up the good work.

Larry Feltes, Lt. Col, USAF, Ret.

In addition, make sure to read these articles:

  • The fire again? Iraq, Iran, and the Gulf.
    • Historical amnesia often distorts Western perceptions of the Middle East. In a manner comparable to that taken in the run-up to the US-led invasion of ......
  • The Fire Again? Iraq, Iran, and the Gulf
    • Historical amnesia often distorts Western perceptions of the Middle East. In a manner comparable to that taken in the run-up to the US-led invasion of ......
  • Message from the National President.
    • It has been more than a year since the beginning of Operation Iraqi Freedom, and the men and women who defend America continue to bravely ......
  • Message from the National President.
    • This edition of the Armed Forces Comptroller focuses on wellness and physical fitness. I sincerely hope all readers have or will develop an effective wellness ......
  • Message from the Executive Director.
    • On November 12 and 13, 2003, ASMC conducted its Mid-Year National Council meeting. Many chapter presidents participated in this excellent program. They were treated to ......
  • 2003-2004 national awards program.
    • INDIVIDUAL AWARDS Individual Achievement Awarded to individuals for outstanding performance within the functional fields of comptrollership. New for the 2003-2004 competition year is the category ......
  • Message from the national president.
    • The modernization of our business processes remains the major long-term task of the Department of Defense. Each day brings new challenges, showing the magnitude and ......
  • 2004-2005 National awards program.
    • INDIVIDUAL AWARDS Individual Achievement Awarded to individuals for outstanding performance within the functional fields of comptrollership. New for the 2003-2004 competition year is the category ......
  • From the Executive Director.
    • I am pleased to announce that the Armed Forces Comptroller has some new features ... and a new approach. ASMC has recently revitalized the journal's ......
  • Generating interest in the ASMC Korea Chapter. (Chapter Idea Interchange).
    • United States (U.S.) Forces in Korea operate as a joint (that is, more than one Component of the U.S. Forces) and a combined (that is, ......
  • Message from the Executive Director.
    • The American Society of Military Comptrollers had a successful year, as indicated by the outgoing National President. I want to echo his closing comment. The ......
  • From the National President.
    • As practitioners of finance in the Department of Defense and the Coast Guard, we provide our civilian and uniformed leaders the financial parameters in which ......
  • Message from the National President.
    • This edition should arrive shortly before our national Professional Development Institute (PDI) in Denver, Colorado, on May 28-31, 2002. Hosted by the Mile High Chapter, ......
T T T
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