The deaths, injuries, and property destruction of battles are obvious costs of war as is all the money spent on weapons, soldiers, and other expenses directly related to battles. Less well understood by many people are the many other war costs, including costs imposed on people who may never be near a battlefield but just live in a nation at war.

RPI Academic Board Member Robert Higgs explores in an informative Ludwig von Mises Institute lecture on Thursday many of these often overlooked or misunderstood costs.

Continue reading at the Ron Paul Institute for Peace and Prosperity.