It’s May 1944. An American submarine just sank several Japanese ships, and is now under a blistering counterattack. As a seemingly-endless barrage of depth charges explodes around the boat, one of the American submariners asks how much a depth charge costs. A crewmate guesses they cost about $600 each.
“Damn, we’re going to bankrupt these sonovabitches.”
And that’s about right. Except today we’re not bankrupting our adversaries. Our adversaries are bankrupting us. Continue reading