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Defense spending isn't really an effective stimulus since the end result is primarily a jobs program. Any materiel purchases just sit there, not generating reve
by greedo 6y ago
Defense spending isn't really an effective stimulus since the end result is primarily a jobs program. Any materiel purchases just sit there, not generating revenue (as a factory would).
- Ericson2314 6y agoI do agree, but it's not a 0 stimulus, because basically the supply chain can be multi-purpose. I would never choose military spending as a stimulus, that's basically fascist, but as a slight silver lining to make ditching NATO more palatable I would definitely want to bring it up.
- greedo 6y agoThat's why I said "effective." The military supply chain really isn't multi-purpose, at least in the US and Western Europe. The technology, while having come similarity with consumer goods really is in a different class. As a jobs program, it's fine; kind of like how NASA treats the space program.