War is horrible… but it’s good for the economy. I cannot, for the life of me, think of a more dangerous myth than that. This facade has become so prevalent in the national conscience that it’s simply taken for granted… Seriously though, why would anyone actually believe this without at least a little skepticism? Wars are enormously destructive and shift resources from human needs, to human destruction.
Department of Veteran Affairs's archives
Sorry Folks, War is Actually Not Good For the Economy
Posted by Andrew in March 21st 2009
under: Deficits, Dollar, Energy, Federal Reserve, Live and Learn, Treasury, Trust, Uncategorized
Tags: Afghanistan War, Candide, deflation, Department of Veteran Affairs, Economic Stimulus, Franklin Roosevelt, GDP, Great Depression, Iraq War, Keynesian Economics, military-Keynesianism, New Deal, Robert Higgs, unemployment, Voltaire, War, World War II
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