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Originally Posted by Econ wars and catostrophes do not boost economic output. as far as the depression being ended by WWII is a false misconception. The war decreased the unemployment

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Old 03-14-2011, 10:15 PM   #1 (permalink)
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Default War bonds"..........!
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Originally Posted by Econ View Post
wars and catostrophes do not boost economic output.

as far as the depression being ended by WWII is a false misconception. The war decreased the unemployment rate and caused the US growth rate to increase substantially, but only due to war spending. this spending was taken in the form of debt. our natonal debt grew from some $72b to over $250b due to war.

i dont feel like getting into details, being that I am at work (as an economist)...
I am 70 years old and was around back then. Can you say WAR BONDS" that were repaid over a 20 years period..........!
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Old 03-15-2011, 04:43 PM   #2 (permalink)
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I am 70 years old and was around back then. Can you say WAR BONDS" that were repaid over a 20 years period..........!
I would agree with this gentleman.
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