The New York Times has a wonderful info-graphic depicting the costs of 9/11 by Shan Carter and Amanda Cox. As the author’s point out, the United States has spent an estimated $7 million for every dollar Al Qaeda spent planning and executing the attacks – approximately one-fifth of the current national debt. Notably, these…
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During the Great Depression, economist John Maynard Keynes recommended increasing federal government spending, financed by borrowing, to boost the U.S. economy. It didn’t matter how the new money was spent. If no better use could be found, Keynes suggested building pyramids. Keynes’ theory that increased public spending would offset declines in consumer and business…
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