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Ok, so if my understanding is correct, Higgs argues that World War II did in fact stimulate a recovery, just not in the sense that Keynesians believe. The war essentially allowed for a renewed confidence in America's ability to produce, which, in combination with "forced savings," allowed...
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If you are knowledgeable of history please answer. No need for a detailed answer necessarily just hit on the main points. Some points that I think are important are the fact that world war II was caused because most of the world was living in poverty beause of the Great Depression. The Great Depression...
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Murray Rothbard famously said, "Our entry into World War II was the crucial act in foisting a permanent militarization upon the economy and society, in bringing to the country a permanent garrison state, an overweening military-industrial complex, a permanent system of conscription. It was the crucial...
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This really has nothing to do with libertarianism, but as a so-called "Polish-American," I am constantly annoyed by the use of German WWII-era propaganda in our history textbooks regarding a mythical "cavalry charge" against tanks. Just as history textbooks constantly get the cause...