Posts Tagged ‘World War II’

World War II Did Not End the Great Depression: Lessons for Today


Friday September 9th, 2011   •   Posted by David Theroux at 5:58pm PDT   •   3 Comments

In a very timely new article in The Weekly Standard, “The Ultimate Stimulus? World War Two and Economic Growth,” Arthur Herman refutes the Keynesian economics myth that Big Government spending during World War II ended the Great Depression. In so doing, he bases his analysis on the path-breaking work of Independent Institute Senior Fellow…
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The Defense Budget: Ignorance Is Not Bliss


Sunday March 13th, 2011   •   Posted by Winslow Wheeler at 6:27pm PDT   •   4 Comments

Polling from Pew and Gallup reveals major public misconceptions about the defense budget. Fifty-eight percent of Americans know that Pentagon spending is larger than any other nation, but almost none know it is up to seven times that of China. Most had no idea the defense budget is larger than federal spending for education,…
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New Letter to the Deficit Commission on Cutting Bloated Defense Spending


Saturday November 20th, 2010   •   Posted by Winslow Wheeler at 12:30pm PST   •   0 Comments

The Honorable Erskine Bowles National Commission on Fiscal Responsibility and Reform 1650 Pennsylvania Avenue, N.W. Washington, DC 20504 Dear Mr. Bowles: We are writing to you and other members of the President’s National Commission on Fiscal Responsibility and Reform as individuals who have worked in national security affairs for decades for the Department of…
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How Many More Trillion$ for Defense?


Wednesday October 27th, 2010   •   Posted by Joshua Kaplan at 7:28pm PDT   •   2 Comments

In the new article on runaway spending from the Pentagon, “How Many More Trillion$ for Defense?”, Independent Institute Research Fellow Winslow Wheeler explains the dire need for effective budgetary controls over the Pentagon.  As it stands the Pentagon “is literally ‘unauditable.’” “Since Sept. 11, 2001, Congress and the Defense Department have added more than…
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Do We Need Another Stimulus? Tax-and-spend Has Never Worked


Wednesday September 15th, 2010   •   Posted by William Shughart at 5:03am PDT   •   1 Comment

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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