Quote Originally Posted by OCDshaver View Post
I would disagree here. Some would argue that WWII did not end the depression directly. More important was the suspension of the New Deal policies that helped end the depression. The policy changes were brought about in reaction to the war effort but Austrian economics suggests that war was not needed to do that. In fact, Austrian economic theory also suggests that the war machine in and of itself represents lost opportunity. While we may need these instruments of war, they do nothing to further economic conditions since their use is for one single purpose. They do not help bring goods and services to people at better and better prices (the true measure of economic development). Instead they represent resources that were diverted to a purpose that produce nothing in terms of further development. Any politician that uses the war machine to benefit the economy is only benefiting a sliver of the economy and more likely personal investments.
I love that . Its like... Duh! Lol!