Wars fought exclusively on foreign soil do have marginally higher real output growth than peacetime periods, but real growth during all other wars is sharply below peacetime levels. Evidence for foreign and domestic wars is consistent with monetarist, fiscalist, and mixed theories of wartime booms.
Bryan CaplanRelated topics
consistent domestic evidence fight foreign growth output real soil monetarist higher fiscalist peacetime wartimeRelated quotes
We live between two worlds; we soar in the atmosphere; we creep upon the soil; we have the aspirations of creators and the propensities of quadrupeds. There can be but one explanation of this fact. We are passing from the animal into a higher form, and the drama of this planet is in its second act.
William Winwood Reade
