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I'm confused. > If we want to criticize the War on Terror from a perspective that does not betray sensible macroeconomics, we should not rely on calculations o
by tra3 5y ago
I'm confused.
> If we want to criticize the War on Terror from a perspective that does not betray sensible macroeconomics, we should not rely on calculations of cost, or suggestions of crowding out to do the work for us. America could easily afford the War on Terror.
How is "crowding out" still not a reasonable argument? Sure, he says you can print more money, but then you run against the constraints (like inflation) that he talks about earlier in the article. So there's a limit to how much can be printed, and does that not "crowd out" other potential spending targets?