Geopolitical Economy Report β’ 438 implied HN points β’ 24 Jan 23
- The Federal Reserve Bank of St. Louis published a misleading graph suggesting China spends more on military than the US, but in reality, the US military budget is three times larger.
- The graph's depiction of military expenditure by different countries was misleading due to the use of separate axes for China and the US, creating a false impression.
- China's military spending, when looked at accurately, is much smaller than the US when considering GDP percentage, per capita measurement, and even in comparison to other top spenders.