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"Take the profit out of war" has long been a crowd-catching slogan. It has an understandable appeal. And no one denies that profiteering in time of war -whether "hot war" or "cold"-is an unsavory, wasteful and morale-destroying activity that should be stamped out. But as John Miller so persuasively argues in this second of the series Studies in National Policy, it is both undesirable and unrealistic to propose the elimination of all chance for profit in war contracts.
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