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I'm not convinced that reasonable comparisons can be made to the circumstances surrounding WWII. WWII was a far-from-equilibrium economic situation, and decisio
by bjnortier_hn 16y ago
I'm not convinced that reasonable comparisons can be made to the circumstances surrounding WWII. WWII was a far-from-equilibrium economic situation, and decisions around debt are very different from more "normal" economic situations.
- yequalsx 16y agoIt's an example of how government expenditures can lead to conditions that foster economic growth and out of a depression. That was my only point regarding WWII. The mantra, "government spending is always bad" is, itself, quite bad. The mantra, "government spending is always good" is equally bad.