The economy means different things to different people. The black economy is part of the economy but I would not want to funnel trillions of dollars into it. Si

The economy means different things to different people. The black economy is part of the economy but I would not want to funnel trillions of dollars into it. Similarly the arms trade is part of the economy but I wouldn't want to funnel a trillion dollars into it every year. For my money the century of mechanised was has been about taking money out of the economy and into the arms-trade. This shows up as GDP and is therefore a good thing but it is at the expense of things like schools and hospitals. Government borrowing has been at record levels during the 'terror' years, government spending on weapons has been at an all time high. The money gets borrowed from the banks that the politicians know so well. It is a virtuous cycle for them but not us even if that is what they say.