I can only reiterate what I’ve already cited.
“massive war spending doubled economic growth rates”
“I can only reiterate what I’ve already cited.
‘massive war spending doubled economic growth rates’”
There is a commonplace confusion between a stock (wealth, which goes down when a natural disaster strikes) and a flow (the spending that occurs when destroyed capital is subsequently replaced). To continue the analogy that others have used in this thread, if your house burns down you are worse off (less the insurance settlement you receive), but you subsequently spend more than you would have in the absence of the disaster to replace the lost items.