Forbes’ columnist John Tamny executes an inspired and wonderfully savage critique of GMU economist Tyler Cowen’s dotty blog post touting the positive effects of war on economic growth. Tamny takes his cue from Henry Hazlitt and writes in plain and muscular language. Here is a juicy sampler that should whet your appetite for the full meal:
Read the rest here.
Monday, June 30, 2014
"A Wonderfully Savage Critique of GMU Economist Tyler Cowen"
Joe Salerno writes:
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If war allegedly creates economic growth, why then after 13+ years of non-stop war on multiple fronts (Afghanistan, Iraq, Syria, Lybia, God knows how many other places, etc...) is the economy absolutely terrible right now?
ReplyDeleteSame excuse Krugman has on the stimulus. The war wasn't big enough!
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