War is good for the economy, isn't it?
AntiWar.Com
by David R. Henderson
03/06/06
"Imagine an economy whose government spends 2 percent of its GDP on its military. (On average, the world's governments spend just under 2 percent of their countries' GDP on the military, and the U.S. government spends about 4 percent.) Then, imagine that the government suddenly gets into a war and raises military spending to 7 percent of national income. How does that affect people in that country? Whether the government finances the war effort with taxes or debt or by printing money is not very important. What matters much more is that the government now takes an additional 5 percent of the real output of that economy to wage its war...
http://antiwar.com/henderson/?articleid=8662
Informant: Thomas L. Knapp
by David R. Henderson
03/06/06
"Imagine an economy whose government spends 2 percent of its GDP on its military. (On average, the world's governments spend just under 2 percent of their countries' GDP on the military, and the U.S. government spends about 4 percent.) Then, imagine that the government suddenly gets into a war and raises military spending to 7 percent of national income. How does that affect people in that country? Whether the government finances the war effort with taxes or debt or by printing money is not very important. What matters much more is that the government now takes an additional 5 percent of the real output of that economy to wage its war...
http://antiwar.com/henderson/?articleid=8662
Informant: Thomas L. Knapp
rudkla - 7. Mär, 18:06
