with the exception of Jwpegler, most conservatives will admit that government spending for WWII drove economic growth.
What's funny is they mention this as a reason why socialism does not work. What happens is they misread - or Limbough mistold them - that FDR's programs did not get us out of the Depression only WW2 spending did.
Well that proved uber socialism (for a short period until recovery sets in) kicked started the economy and that half measure socialism just kept us afloat - but that goes over their head.
with the exception of Jwpegler, most conservatives will admit that government spending for WWII drove economic growth.
Great, let's start WWIII and we'll all be rich.
War is a large version of the Keynesian broken window nonsense. According to the Keynesian Kooks, if someone breaks your window and that's a good thing because Pella has more work. What you don't see is that J.C. Penney has less work because the money you were saving to buy a suit now has to go to fixing the window.
War is just a big version of that.
I used to hear in the 70s and 80s that that the Japanese were kicking our butts because Japan was destroyed in WWII and therefore they were able to rebuild more modern factories. Seriously, this is what I learned in high school and college.
It's wrong. The Japanese kicked our butts because American auto companies were run by clueless idiots and staffed by fat, lazy unions members. America got too arrogant and complacent in the 20 to 30 years after WWII and we paid the price.
