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