The things you hear now about European unemployment -- that there are structural problems, that real wages have failed to adjust, that there are inflationary fears -- are the same things that were said during the early 1930. It is well established that government spending began to pull Germany out of its slump in 1935. There is no known reason why spending for peace can't do as well at getting the economy going as spending for war.
Lawrence SummersRelated topics
begin early economy european getting government known now peace pull real reason say slump spending structural wages war well things unemployment germanyRelated quotes
If the amount of money going into the war economy were invested in landscape restoration, we would be in a far more positive position. It may get a little dire before we pull together, but I think when the prosperous nations, and in particular the US, realise they're wrecking their own kids' lives, there will be a mass change in value. It will be a difficult century, and ugly, but I don't think that in the end people are so stupid as to kill themselves off.
Kim Stanley Robinson
And what have we now in Germany? A land of bankers and car-makers. Even our great army has gone soft. Soldiers wear beards and question orders. I am not ashamed to say I believed in National Socialism. I still wear the Iron Cross with diamonds Hitler gave me. But today in all Germany you can't find a single person who voted Adolf Hitler into power. Many Germans feel guilty about the war. But they don't explain the real guilt we share - That we lost.
Hanna Reitsch
Every philosophy is complete in itself and, like a genuine work of art, contains the totality. Just as the works of Apelles and Sophocles, if Raphael and Shakespeare had known them, should not have appeared to them as mere preliminary exercises for their own work, but rather as a kindred force of the spirit, so, too reason cannot find in its own earlier forms mere useful preliminary exercises for itself.
Georg Wilhelm Friedrich Hegel
The threat of mutually assured destruction worked for the United States during the Cold War because it had proved its willingness to drop nuclear bombs on enemy cities at the end of World War II. It might work less well for Israel, because the Israeli Air Force has never deliberately targeted a large civilian population center, and its leaders have said its morality would not permit it do so.
Alan Dershowitz
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus.
Paul Krugman
