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Old 12-12-2005, 01:33 AM
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Default Re: To libertarians / Rand clones

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There was no economic surge in 1940. Besides, if there were an economic surge in 1940, wouldn't that defeat your entire argument, since that was one to two years before we entered World War Two

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The economic surge began in 1940, along with our resurrected military draft (18,000 men in 1940) and our production of military goods. This is not up for argument.

For sh*ts and giggles I just ran a quick google search on economy, 1940 and found this from the Cambridge university Press.

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The United States economic surge started in 1940 and 1941, a prelude to the wartime "production miracle" which managed to maintain civilian consumption while growing the overall economy. Contributions to this came from increasing labour force participation and reducing private investment, while war financing followed the traditional approach of deficit spending until tax increases caught up. In evaluating the cost of the war to the United States, Hugh Rockoff takes a counterfactual approach, attempting to calculate what would have happened without the war. And he argues that the change in macroeconomic regime may have been the most important contribution of the war to subsequent prosperity.



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http://dannyreviews.com/h/Economics_World_War.html

Edit: and somehow I magically bypassed the profanity filter.
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