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> The main reason the war was "good" for the economy is because of the massive debt funded stimulus Clarification: massive debt-funded stimulus that went into
by gottorf 3y ago
> The main reason the war was "good" for the economy is because of the massive debt funded stimulus
Clarification: massive debt-funded stimulus that went into productive capacity is good for the economy, once you stop blowing up the stuff you produce (as you point out), since the productive capacity is retained.
Massive debt-funded stimulus that doesn't move the needle on production, a la Covid stimulus, isn't so good for the economy.