View Full Version : Economic: “War is never economically beneficial..."

04-02-2012, 08:34 PM

“War is never economically beneficial except for those in position to profit from war expenditures.” ~ Ron Paul

Perhaps the most harmful economic fallacy – propagated by Keynesian economists such as Paul Krugman – is that war can stimulate sustainable economic growth. Employing people to kill other people halfway around the world is not economically beneficial, it is destructive. Resources used in efforts to kill other people are resources lost from the free market where entrepreneurs develop new products, innovations, and other advances that increase the well-being of the vast majority of society. War diverts resources from peaceful exchange to military activities destructive of human life.

Peace builds, war destroys. Always. Do not buy the fallacy that war is good for the economy; it isn’t.

04-02-2012, 08:50 PM
Are Wars Good for the Economy?

Are Wars Good for the Economy? - The Myth

From Mike Moffatt, former About.com Guide

The Broken Window Fallacy is brilliantly illustrated in Henry Hazlitt's Economics in one Lesson. The book is still as useful today as it was when it was first published in 1946; I give it my highest recommendation. In it, Hazlitt gives the example of a vandal throwing a brick through a shopkeeper's window. The shopkeeper will have to purchase a new window from a glass shop for a sum of money, say $250. A crowd of people who see the broken window decide that the broken window may have positive benefits:

After all, if windows were never broken, what would happen to the glass business? Then, of course, the thing is endless. The glazier will have $250 more to spend with other merchants, and these in turn will have $250 to spend with still other merchants, and so ad infinitum. The smashed window will go on providing money and employment in ever-widening circles. The logical conclusion from all this would be ... that the little hoodlum who threw the brick, far from being a public menace, was a public benefactor. (p. 23 - Hazlitt)


04-02-2012, 09:06 PM
"I have 2 words for you: predator drones. You will never see it comming!"
"War is never economically beneficial except for those in position to profit from war expenditures." - Ron Paul

"We are dropping bombs on old people and children and watching it on CNN"

Neo-cons/pro-wars gives new meaning to 'predator drones'....

http://sphotos.xx.fbcdn.net/hphotos-snc7/s320x320/408998_381045038590561_340686082626457_1362153_162 3188123_n.jpg