Aug 16, 2009
Shovel-Ready Jobs
Sheldon: Be careful, someone might run with the idea and propose bringing back trench warfare as a "job creation program."
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Sheldon Richman - 5/3/2009
Martin Feldstein called for increased military spending as a way to stimulate the economy.
David T. Beito - 5/3/2009
Quite right. Even so-called antiwar Democrats, such as Krugman, think that World War II illustrates the success of Keynesianism.
Lester Hunt - 5/2/2009
Sadly, folks have already done that. It's called "military Keynesianism" and there's a Wikipedia article about it. Come to think of it, if paying people to resurface roads will stimulate the economy, then why wouldn't paying people to make bombs -- or drop them? Which I suppose is Sheldon't point -- the military Keynesians are just being consistent.