ECONOMIC CONSEQUENCES of WAR on the U.S. ECONOMY

beginning and corresponded with the bursting of the high tech asset bubble which led to the 2001-2002 recession. This was also the first time in U.S. history where taxes were cut during a war which then resulted in both wars completely financed by deficit spending. A loose monetary policy was also implemented while

  Economic, Asset, Bubbles, Consequences, Economic consequences of war on, Asset bubble