Transcription of ECONOMIC CONSEQUENCES of WAR on the U.S. ECONOMY
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ECONOMIC CONSEQUENCES of WAR on the U.S. ECONOMY
ECONOMIC . CONSEQUENCES of WAR on the ECONOMY . An overview of the macroeconomic effects of government spending on war and the military since World War II. It specifically examines five periods: World War II, the Korean War, the Vietnam War, and the Iraq/Afghanistan Wars, summarizing the effect of financing the wars on consumption, investment, taxes, government deficits and inflation. THE INSTITUTE FOR. ECONOMICS & PEACE. / QUANTIFYING PEACE AND ITS BENEFITS. The Institute for Economics and Peace (IEP) is an independent, non-partisan, non-profit research organization dedicated to shifting the world's focus to peace as a positive, achievable, and tangible measure of human well-being and progress.
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
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