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The idea that the US's economic problems are due to war expenditures is just plain silly. The economic golden age for the US was during the cold war, when the
by woodandsteel 10y ago
The idea that the US's economic problems are due to war expenditures is just plain silly.
The economic golden age for the US was during the cold war, when the country spent 6-10% of its gdp on the military. Then the cold war ended, and military expenditures have been below 4% most of the time, but the US economy has done worse. Oh, and China has boomed at the same time it has been engaging in a huge, expensive military modernization program.
I am not saying high military expenditures produce economic prosperity, just that they don't prevent it (unless they are much higher, as the Soviet Union's were).