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@peterschiff
President #Biden's latest #military #aid package as economic #stimulus is a classic example of the 'broken window fallacy.' It's a #Keynesian #illusion. We focus on what's seen - #jobs & #production for missiles & artillery. Ignored is what's unseen: the economic activities foregone due to these expenditures. Every #dollar spent on #war materials is a dollar not spent enriching our economy in productive ways. Destruction isn't progress. It's time we stop mistaking war spending for genuine economic growth. Read the full article schiffgoldnews SchiffGold.com #Economics101

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    • stimulus
    • military
    • keynesian
    • economics101
    • dollar
    • aid
    • illusion
    • production
    • jobs
    • biden
    • war