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.
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