sure from an accounting standpoint there must be depreciation of munitions, and battleships and all that stuff, but the ledger does not allow for destroyed and

sure from an accounting standpoint there must be depreciation of munitions, and battleships and all that stuff, but the ledger does not allow for destroyed and bombed out farmlands and so forth. I'm pretty sure if this had been pointed out to Keynes he would have agreed but probably noted that it was not as easy to calculate that part.