QE3's coming and its name is... War?
I usually read Zero Hedge’s gloom and doom commentary with a grain of salt but this recent post really caught my eye.
George Washington argues that war is upon us, thanks to another round of Military Keynesianism and quite frankly, it doesn’t seem that far off to me.
Look at the posts on WSO alone; killings in Saudi Arabia, $220 oil, suicide, and grave views on the macro front.
In the news Qaddafi’s bombing the shit out of people and the U.S., France, and others are already in talks to support the rebels.
Turmoil, anarchy, and anger have now blanketed the Earth. Governments have been toppled; inflation is setting up widespread hunger and the world’s economies, especially that of the US, are feared to be unsustainable.
Is war on the horizon?
To mask QE3?
As disgusting as the thought is, under the present circumstances I wouldn’t put it past the current leaders to go for such a thing. Launching another stimulus straight-on would be political suicide, but done in the shadow of military spending it’s just too easy and apparently, somebody already asked for it. With oil prices spiking, killing purchasing power and what not, given time we’d find our target.
Hell, Qaddafi’s perfect for it.
I’m skeptical that this’ll happen, but nevertheless; how do you monkeys feel about war as US economic policy?
Personally I feel that it’s the stupidest thing ever. While it may have worked after WWII and during the Cold War, Dubya’s wars on terror left America with huge deficits eclipsing all jobs and growth it may brought.
And let’s not forget the countless lives lost during the course.
Man, I'm sure the military guys here won't be happy about this if it happens.
Comments
I do not think war will have
I do not think war will have the same effect it did as in WWII.
America may just keep war ships in the Mediterranean for good measure though.
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Jorgé wrote: While it may
While it may have worked after WWII and during the Cold War, Dubya’s wars on terror left America with huge deficits eclipsing all jobs and growth it may brought.
Man, I'm sure the military guys here won't be happy about this if it happens.
Bush lowered taxes during a war, and this confuses me. Wars are expensive. Most military guys that I know WANT to kill some bad guys.
It's called the military industrial complex, and in a pinch, it would save the economy. It might be the right thing to do as well.
I once had very strong opinions about how things should be run, and now I just observe and learn. Personally, I'm thinking everyone's got their panties in a bunch because change is scary, but people overthrowing their own dictator does give me hope that one day everyone will enjoy the freedoms we have.
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I'm glad you have your own
I'm glad you have your own opinion and all, but the only thing I wish you'd have rephased was this:
And let’s not forget the countless lives wasted during the course.
I JUST got out of doing five years in the Marines as an 03 and I don't like to think of the lives lost as lives wasted. They died defending something they believed in. Just my .02
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lets have WW3 fuck it, it
lets have WW3 fuck it, it will end globalization so we can just start it all over again from scratch. Let the Banker parade begin all over again. Anyone ever read "Lord of Finance"?
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ekimlacks wrote: I'm glad you
I'm glad you have your own opinion and all, but the only thing I wish you'd have rephased was this:
And let’s not forget the countless lives wasted during the course.
I JUST got out of doing five years in the Marines as an 03 and I don't like to think of the lives lost as lives wasted. They died defending something they believed in. Just my .02
Edited. In my defense I was thinking of a friend's friend wherein that may have been the case, didn't mean to offend.
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Many economists I know say
Many economists I know say it's a myth to think that war is good for an economy, even though it's a claim that is often thrown around...
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econ wrote: Many economists I
Many economists I know say it's a myth to think that war is good for an economy, even though it's a claim that is often thrown around...
Without getting into whether or not it's good/bad, war is an easy selling point for increasing government spending without calling it that.
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UFOinsider wrote: Without
Without getting into whether or not it's good/bad, war is an easy selling point for increasing government spending without calling it that.
This presumes that government spending is good for an economy, a highly debatable issue. Furthermore, in war time, spending on military related stuff comes at the expense of other kinds of government spending, so there's an opportunity cost element.
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"War as Stimulus" is the
"War as Stimulus" is the greatest Broken Window Fallacy everrrrrrrrrrrrr.
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econ wrote: UFOinsider
Without getting into whether or not it's good/bad, war is an easy selling point for increasing government spending without calling it that.
This presumes that government spending is good for an economy, a highly debatable issue. Furthermore, in war time, spending on military related stuff comes at the expense of other kinds of government spending, so there's an opportunity cost element.
Breaking out the Eisenhower quote in agreement with this.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. ... Is there no other way the world may live?
rafiki wrote: econ
Without getting into whether or not it's good/bad, war is an easy selling point for increasing government spending without calling it that.
This presumes that government spending is good for an economy, a highly debatable issue. Furthermore, in war time, spending on military related stuff comes at the expense of other kinds of government spending, so there's an opportunity cost element.
Breaking out the Eisenhower quote in agreement with this.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. ... Is there no other way the world may live?
I'm just pointing out the political tactic, not its use or morality
Personally, I fail to see why we are spending $400 on a hammer for the DOD. The sad part is that I know military contractors and while some of this is cover to divert funds to the black budget, but there are a lot of cases where they really ARE charging $250 for a toilet seat cover.
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rafiki wrote: econ
Without getting into whether or not it's good/bad, war is an easy selling point for increasing government spending without calling it that.
This presumes that government spending is good for an economy, a highly debatable issue. Furthermore, in war time, spending on military related stuff comes at the expense of other kinds of government spending, so there's an opportunity cost element.
Breaking out the Eisenhower quote in agreement with this.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. ... Is there no other way the world may live?
This reminds me of that bumper sticker about the air force needing a bake sale to buy a bomber and schools having all the books they need.
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It kills me that France is
It kills me that France is one of the most hawkish countries this time around. Probably a way of scoring points with the Middle Eastern/North African population.
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GoodBread wrote: It kills me
It kills me that France is one of the most hawkish countries this time around. Probably a way of scoring points with the Middle Eastern/North African population.
Yeah, the US is doing the work but they're out politicking us.
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veritas14 wrote: "War as
"War as Stimulus" is the greatest Broken Window Fallacy everrrrrrrrrrrrr.
Exactly! Props to you, sir, I couldn't of said it better myself.
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econ wrote: veritas14
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LOL -- yeah, you totally win.
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veritas14 wrote: "War as
Aggravate wrote: veritas14
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GoodBread wrote: It kills me
People like Coldplay and voted for the Nazis, you can't trust people Jeremy
Jorgé wrote: Well one way to
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Hahaha! Was wondering why
People like Coldplay and voted for the Nazis, you can't trust people Jeremy
veritas14 wrote: "War as
freroht wrote: veritas14
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vertias stfu and get rid of
freroht wrote: veritas14
econ wrote: Many economists I
I win here, I win there...
freroht wrote: veritas14
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WWII: We had a military draft
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The argument that WWII
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I'm surprised no one has
Mr. Cheese wrote: I'm
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While I don't agree with
I actually don't disagree
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The Japanese EQ is ANOTHER
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Yep, yep... For those of you
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Historically, the stock