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Politics : Foreign Affairs Discussion Group
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To: Dayuhan who wrote (35391)7/30/2002 11:57:22 PM
From: Nadine Carroll  Read Replies (1) of 281500
 
Not really. Military spending is generally acknowledged to have the highest inflationary effect (expensive goods with no economically productive purpose) and the lowest pump-priming effect of any form of Government spending.

This may be so, but the question is, where would you expect to find the New York Times' arguments, ceteris paribis?

The current rally has a fair way to go before it can be taken seriously.

I quite agree on a fundamental basis, but still...The Boston Globe put it on the front page.
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