War is just good Economics
Government spending creates inflation, unless it creates employment and income. Then it just cranks up the economy
This is why America sticks its nose everywhere in the name of freedom and democracy
War is just good Economics
Government spending creates inflation, unless it creates employment and income. Then it just cranks up the economy
This is why America sticks its nose everywhere in the name of freedom and democracy
"War Is A Racket" by Major-General Smedley Butler: https://annas-archive.org/slow_download/8856ac4042432b3a3c29114f1ffc42df/0/1
War and disease are indeed the two most profitable industries.
The government can't just spend money - that would cause stagflation. They've got to spend on value creation. What better value creation than war and disease
Perfect racket
Trouble is people don't understand economics
The issue is that there is no more money, only currency. The Constitution mandates that money be backed by gold and silver. What we know of as "money" today AKA Federal Reserve Notes, are just negotiable instruments that show the United States' debt to the Federal Reserve.
That's why I think the Fed can just print "money" whenever they want despite all the inflation that happens. You can infinitely print "money," you can't indefinitely print gold or silver certificates.
The problem with printing money is that it causes inflation. You've got to "employ" the money to create income via value creation. That's where war and disease are so helpful