Posted on 08/23/2011 7:48:47 PM PDT by RobinMasters
Fully and totally disagree! WWII, since it was not on our land, mobilized an undercapacity manufacturing colossus overnight into a 24/7 productive enterprise. Yes, the government was paying the wages, but the effort ended the unemployment of the depression, while the national debt was paying the tab.
Today it's different. Today the national debt increases daily due to the bloodsuckers of the nation, me included on SS, without adding anything to our nation.
It worked for Michelle. She has no talent or brains, despises her country, is on vacation every other week, wears $800 tennis shoes, and eats like royalty. (Though I don't think she paid $50,000 a year to go there.)
Beg to differ. Limbaugh was right. WW II is what got us out of the Great Depression.
But you're right, too. Destruction of wealth doesn't bring prosperity. But, in the case of WW II, we weren't the ones suffering destruction; we were meting it out.
Europe and Japan are the ones who took an economic beating in WW II.
Paul is a mentally sick person. Proven over and over and over.
This was his post and his demented mind found sense in it. Why? In his twisted, socialist, Keynesian-istic mind this was justice and impetus for gigantic new public works his FDR’d mind craves.
Thoughts of the people, families, bank accounts, and futures disturbed? Meh. Desperately hoping for a massive natural disaster that then might, might, in some form or fashion give another gasping breath to his tired and failed model of government spending magically producing more dollars out than in. Yes.
Compassion for people? Uh, no. Padlocked slavishness to a decimated failed theology and looking for any chance to see it a minute reprieve? Without a doubt.
Thanks. I was gonna link to Bastiat. Great thread. BTTT!
So I guess we could say that the London riots are really a form of economic stimulus.
Destruction is Construction!
What a jerk!
Destruction had nothing to do with it. What was destroyed in the US?
WW2 put the country to work...building ships, airplanes, tanks, bombs, guns...and other war stuff. I think that is what is meant by the universal opinion that WW2 brought an end to the Great Depression.
The national workforce was mobilized working for the war effort.
I always considered earthquakes extremely good for business but only if they are over 7.0!
5.9 can’t hardly be considered more than an earth fart!
Not only that, but who in the world (besides the USA) had a standing infrastucture and operating factories to produce stuff after WW2?
The bi-centennial anniversary of the New Madrid earthquakes is coming up in December; maybe Krugman gets lucky.
Amazing! Krugman is an enthusiastic advocate of the broken window fallacy!
The fallacy in the Broken Window Fallacy is that it ignores innovation. WWII was like breaking all the windows in the city, then gearing up to make windows 10 times better at half the price. And not just the windows.
If that fool Krugman had been advising our ancient ancestors, they would have spent all their time destroying and rebuilding their mud huts and we would never have made any progress.
Nonsense. If as a result of innovation, it makes economic sense to replace an old window with a better one, people will make that decision on their own.
If it doesn't make economic sense to replace an old window with a new one, then those resources are better spent on something else.
So you deny that war stimulates innovation? A new world was created in five years.
Hey Paul!
God’s waiting for Obama to return to the White House before collapsing it.
That’s the only way your moronic scenario “improves the economy”!
The destruction contributes nothing economically, quite the contrary. I’m completely on board with Bastiat on that.
But I agree with you that war can stimulate innovation. Anything that encourages men to intensely concentrate their minds on technological development, like the motivation of trying to win a war, can produce real progress. Often we see ideas kicking around in civilian science suddenly realize breakthroughs in wartime. There are countless examples of that, from radar to jet engines.
“Maybe we can get DHS or the NYPD to blow it up? That’s a few thousand jobs right there.”
That’s called “covering Economics from a gay point of view”, courtesy of the entirely gay editorial board at the New York Times
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