Great Depression, Great Recession

[GRG55]

Re: Great Depression, Great Recession

War is inflationary...an extraordinarily efficient way to create inflation in fact. That's the attraction.

Especially now that US Presidents only get a maximum of 8 years [with the second term uncertain] to create their legacy, unlike FDR's time...

[jtabeb]

Re: Great Depression, Great Recession

Are you baiting or are you serious?

[GRG55]

Re: Great Depression, Great Recession

Are you baiting or are you serious?

I am dead serious that war is inflationary.

And equally serious that times of severe economic stress create "interesting" policy choices. Iraq wasn't about terrorism on US soil, it wasn't about WMDs [anyone watching Colin Powell address the UN Plenary Session on Feb 5, 2003 could detect that] and it was only peripherally about oil, now wasn't it.

To paraphrase Madeleine Albright: ""What’s the point of...saving this superb military...if we can't use it?"