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Peter Schiff - Why Not Another World War?



July 20, 2010 – Comments (5)

There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iraq and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.

There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.

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5 Comments – Post Your Own

#1) On July 20, 2010 at 12:43 PM, dbjella (< 20) wrote:

That article made me chuckle.  "Why not create a fake war to pull America out of the Great Recession?  Absolutely brilliant!

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#2) On July 20, 2010 at 1:45 PM, dinodelaurentis (83.44) wrote:

Find a way to fake a billion deaths and we're set!

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#3) On July 20, 2010 at 2:01 PM, Evlampius (< 20) wrote:

those who read the article till the end understand that his point of view is actually the opposite from faking the world war however to me that article was just a waste of time. No point no sollution and no creativity....  -1.

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#4) On July 20, 2010 at 2:14 PM, finabuddy (80.98) wrote:

Or perhaps it had something to do with every other factory and infrastructure being bombed except for those in the US?

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#5) On July 20, 2010 at 3:17 PM, Rehydrogenated (33.26) wrote:

I agree with finabuddy, if we just destroy the rest of the world's ability to produce, our economy will thrive and grow like never before!

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