Lack of War Hurting Economic Growth

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Lack of War Hurting Economic Growth

#1  Postby Sovereign » Jun 15, 2014 5:34 pm

For some reason I'm unable to quote this article from my current computer but basically it's arguing that during major wars, governments move with an urgency that you don't see in peace and that boost economic growth. ... rowth.html?
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Re: Lack of War Hurting Economic Growth

#2  Postby Arnold Layne » Jun 15, 2014 8:20 pm

It does tend to reduce the population somewhat, though, which is a bit of a bummer, but not what most governments really bother too much about.
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Re: Lack of War Hurting Economic Growth

#3  Postby Pebble » Jun 15, 2014 8:29 pm

Kwasi Kwartwng - War & Gold does a nice job of explaining the connection - looser monetary rules allows inflation to rise stimulating investment, but at the expense of escalating govt debt - bit like quantitative easing.
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Re: Lack of War Hurting Economic Growth

#4  Postby DougC » Jun 15, 2014 8:29 pm

A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction...

This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every statehouse, every office of the federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military–industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals so that security and liberty may prosper together.

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