Is War Good for the Economy?
There are some very smart people, who think a greater war is looming, including Faber, Paul Craig Roberts, Celente, Chris Martenson etc....
Americans are told that war is good for the economy. People make the point out that WW2 brought the US out of the Great Depression.
Vox Day provides a quick address to the issue in Mailvox: responding to a liberal:
"The reason we were the most prosperous country on Earth 40 years ago was very simple and easily proved. The USA was about the only major economy on Earth that had not had its industrial infrastructure completely destroyed by World War II and American industry made an absurd amount of money selling both consumer and capital goods into European and Asian markets that had to rebuild their industrial base. This was the source of our post-1940s economic growth and concomitant wealth. Now that all of our former competitors have rebuilt their economies and numerous other countries have succeeded in developing theirs, it has naturally become much more difficult to maintain our economic primacy vis-a-vis the rest of the world."
There is the broken window theory of economics you should know here:
This starts slow, but it ends with a BANG!!!!!