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No doubt the mostly defense spending you describe provided fiscal stimulus to the economy and led to the benefits you list, but that's not the same as a subsidy
by User23 8y ago
No doubt the mostly defense spending you describe provided fiscal stimulus to the economy and led to the benefits you list, but that's not the same as a subsidy, which would mean something like Section 8 vouchers.
The real driving force was that wage growth massively outpaced costs. After the war ended it was routine to pay off a 15 year mortgage a decade early, because real wages rose so much. Similarly, our current lousy situation is the result of median real wages staying flat for decades.