<HTML>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</HTML>