Edit: Aren't we always at war right now?
When is the next economic crisis?
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- captain of 1,000
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- captain of 1,000
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Re: When is the next economic crisis?
War also helps get a country out of a recession or depression, as seen during the period from WW1 to WW2.
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- Level 34 Illuminated
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Re: When is the next economic crisis?
A whole lot of economists say that's not true:Matchmaker wrote: ↑June 16th, 2017, 2:07 amWar also helps get a country out of a recession or depression, as seen during the period from WW1 to WW2.
http://www.zerohedge.com/news/2016-06-1 ... od-economy
One choice quote from the article:
"This is a no-brainer, if you think about it. We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet [the economy is still unstable]. If wars really helped the economy, don’t you think things would have improved by now? Indeed,the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”."
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- captain of 100
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Re: When is the next economic crisis?
It'd helped in WWII right after the great depression, but our situation now is nowhere comparable. Now they only enrich arms manufacturers and members of the Deep State.Silver wrote: ↑June 16th, 2017, 5:33 amA whole lot of economists say that's not true:Matchmaker wrote: ↑June 16th, 2017, 2:07 amWar also helps get a country out of a recession or depression, as seen during the period from WW1 to WW2.
http://www.zerohedge.com/news/2016-06-1 ... od-economy
One choice quote from the article:
"This is a no-brainer, if you think about it. We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet [the economy is still unstable]. If wars really helped the economy, don’t you think things would have improved by now? Indeed,the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”."
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- Level 34 Illuminated
- Posts: 5247
Re: When is the next economic crisis?
No, it didn't. It helped the MIC, not the common man. WW2's lasting legacy is the treason of FDR & George Marshall along with the creation of the OSS/CIA.I'LLMAKEYAFAMOUS wrote: ↑June 16th, 2017, 5:38 amIt'd helped in WWII right after the great depression, but our situation now is nowhere comparable. Now they only enrich arms manufacturers and members of the Deep State.Silver wrote: ↑June 16th, 2017, 5:33 amA whole lot of economists say that's not true:Matchmaker wrote: ↑June 16th, 2017, 2:07 amWar also helps get a country out of a recession or depression, as seen during the period from WW1 to WW2.
http://www.zerohedge.com/news/2016-06-1 ... od-economy
One choice quote from the article:
"This is a no-brainer, if you think about it. We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet [the economy is still unstable]. If wars really helped the economy, don’t you think things would have improved by now? Indeed,the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”."
I recommend a quick Google search of rationing during WW2. Rationing is never an indicator of a robust economy.
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- captain of 100
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Re: When is the next economic crisis?
From reading the different opinions on whether or not WWII helped the economy, it seems to come down to in what way did it help. Rationing had far more to do with the war effort than as an indicator of the health of the economy as a whole.Silver wrote: ↑June 16th, 2017, 5:43 amNo, it didn't. It helped the MIC, not the common man. WW2's lasting legacy is the treason of FDR & George Marshall along with the creation of the OSS/CIA.I'LLMAKEYAFAMOUS wrote: ↑June 16th, 2017, 5:38 amIt'd helped in WWII right after the great depression, but our situation now is nowhere comparable. Now they only enrich arms manufacturers and members of the Deep State.Silver wrote: ↑June 16th, 2017, 5:33 amA whole lot of economists say that's not true:Matchmaker wrote: ↑June 16th, 2017, 2:07 am
War also helps get a country out of a recession or depression, as seen during the period from WW1 to WW2.
http://www.zerohedge.com/news/2016-06-1 ... od-economy
One choice quote from the article:
"This is a no-brainer, if you think about it. We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet [the economy is still unstable]. If wars really helped the economy, don’t you think things would have improved by now? Indeed,the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”."
I recommend a quick Google search of rationing during WW2. Rationing is never an indicator of a robust economy.
The biggest factor was the effect the war had on unemployment. It's indisputable that unemployment decreased due to the war. People will say that the economy only boomed when the war ended and rationing and regulation were ended, but had unemployment remained where it was at the start of the war, what's the likelihood that boom would have been able to take place?
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- captain of 1,000
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Re: When is the next economic crisis?
War bringing prosperity is like daylight savings making the sun shine longer. It's an illusion.
The sun shines as long as it shines, get out of bed or don't .
Perhaps people were employed because of the production of weapons needed during war, but those same people getting a paycheck, we're paying the taxes to finance the war. So really: money in my pocket today, larger debt or inflation for the country. What of real value was produced?
Also, from a purely economic view, dead people reduce human capital. We are all worse off financially from war,even when we have more borrowed dollars in our pockets.
The sun shines as long as it shines, get out of bed or don't .
Perhaps people were employed because of the production of weapons needed during war, but those same people getting a paycheck, we're paying the taxes to finance the war. So really: money in my pocket today, larger debt or inflation for the country. What of real value was produced?
Also, from a purely economic view, dead people reduce human capital. We are all worse off financially from war,even when we have more borrowed dollars in our pockets.