Great article on how American has single handedly caused the spike of world oil prices and indirectly Yankees line the pockets of Middle East dictators, and how Wars DO NOT stimulate the economy.
You mean to tell me a billion dollars a day is better spent in IRAQ then in America on consumption or job creation or, etc.?
My favorite quote:
Moreover, money spent on the Iraq war does not stimulate the economy today as much as money spent at home on roads, hospitals, or schools, and it doesn’t contribute as much to long-term growth. Economists talk about “bang for the buck” – how much economic stimulus is provided by each dollar of spending. It’s hard to imagine less bang than from bucks spent on a Nepalese contractor working in Iraq.
Technorati Tags: war, economy, stimulate
Browse Timeline
- « Mental accounting - 3 main components to the theory
- » Tips for Better Credit Ratings - Not Flawless Ones
