"Jurriaan Bendien" <[email protected]> wrote:
> To the contrary, although the war racked up US public debt, military spending > boosted US production. > In a 2009 paper, Bob Pollin argues though that if the funds used to finance > military equipment and > personnel had been used in the civilian economy, there would have been more > jobs. I attach the paper > as pdf but I don’t know if that will work. The attachment worked. I don't understand your comment. Are you saying that the military spending had a positive effect on the economy? The paper is saying that military spending has a negative effect. Should military spending be included total production as a positive indicator of the health of an economy. It seems that a socialist economy would be subject to the consequences of excess military spending. Isn't that one of the problem the Soviet Union had? -- Ron
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