Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Monday, October 27, 2003

Did Iraq War Stall The U.S. Economy?

Alan Greenspan seems to think so. If you follow this blog, you already know my opinion: war in particular (and government spending in general) necessarily means a redistribution of resources from more valued uses to less valued uses. This necessarily means a lower standard of living as compared to what otherwise could have occurred. There is no question as to whether the war "stalled" the U.S. economic recovery.

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