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matt

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on war as an inflationary pressure [Nov. 20th, 2007|10:10 am]
matt
http://www.millertruax.mkadvisor.com/index.cfm?source=section2.cfm&&disclaimer=accept

Doing some reading on stagflation, since all apparent signs are that we could be heading into another period of it. I came across the above article, and it clicked something in my brain.

It had never dawned on me that war might be an inflationary pressure on the economy. One of the things I heard growing up was that "war was good for the economy", something that the inner pacifist had a hard time accepting at face value. There's a certain fiscal stimulus applied when the government borrows oh, about a trillion dollars to conduct a massive "war" against any foe, be it terrorism, poverty, or another soverign nation, and then spends that money stimulating growth in the "military-industrial" complex.

Worse, what if 2001=1961, and Bush is some kind of evil Kennedy/Johnson hybrid?
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Comments:
From: (Anonymous)
2007-11-20 07:02 pm (UTC)

THE BOTTOM LINE

I am a 2 tour Vietnam Veteran who recently retired after 36 years of working in the Defense Industrial Complex on many of the weapons systems being used by our forces as we speak.

Politicians make no difference.

We have bought into the Military Industrial Complex (MIC). If you would like to read how this happens please see:

http://www.vanityfair.com/politics/features/2007/03/spyagency200703

http://www.vanityfair.com/politics/features/2007/11/halliburton200711

Through a combination of public apathy and threats by the MIC we have let the SYSTEM get too large. It is now a SYSTEMIC problem and the SYSTEM is out of control. Government and industry are merging and that is very dangerous.

There is no conspiracy. The SYSTEM has gotten so big that those who make it up and run it day to day in industry and government simply are perpetuating their existance.

The politicians rely on them for details and recommendations because they cannot possibly grasp the nuances of the environment and the BIG SYSTEM.

So, the system has to go bust and then be re-scaled, fixed and re-designed to run efficiently and prudently, just like any other big machine that runs poorly or becomes obsolete or dangerous.

This situation will right itself through trauma. I see a government ENRON on the horizon, with an associated house cleaning.

The next president will come and go along with his appointees and politicos. The event to watch is the collapse of the MIC.

For more details see:

http://rosecoveredglasses.blogspot.com/2007/02/warped-priorities.html






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