4 ms·
No, this is not the broken window fallacy for the US. It is the broken window fallacy for the entire global economy. Yeah obviously the war does not help the gl
by jncfhnb 3y ago
No, this is not the broken window fallacy for the US. It is the broken window fallacy for the entire global economy. Yeah obviously the war does not help the global economy.
The fact that the goods are exported is not relevant. Many goods are exported. Missiles, sure, but also food. Is exporting food a broken window fallacy? Obviously not.
The US has an immense economic competitive advantage in military goods owing to its technology. It’s a product like any other and the wages that flow through this industry as well as its suppliers are huge net positives to the overall economy.
Selling that which you have a competitive advantage on and buying the rest is the basic principle behind international economics.