"Real" Military Spending

[Stuart323 at aol.com]

Accepting for the moment, the "success" of bombing, I have a question 
regarding economic accounting for military spending. IIRC, military spending 
is valued at input prices.  But if R&D makes bombs and other weapons 
"smarter" or more effectively destructive shouldn't the accounting of 
spending be adjusted accordingly.

Is it possible that "real effective destructive index" of military spending 
(and stocks) would show different levels and trends?

Of course, a real security product would be increased by destroying many 
weapons.

Stuart Elliott
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