Re: FW: Re: Creation of Money, War Finance and Government Spending(fwd)

1998-07-30 Thread David Burman
In the last Canadian federal election, Paul Hellyer, former minister of defence in the Trudeau cabinet, formed a party to argue exactly that: there is always money to fight a war - why not fight a war on unemployment, increase our tax base, and get prosperity going for the whole country,

FW: Re: Creation of Money, War Finance and Government Spending(fwd)

1998-07-27 Thread Michael Spencer
Tom Walker quoted WF Hixson: "The really important lesson of what happened between 1939 and 1946 is completely lost when economists repeatedly make statements that imply, or at least leave the reader free to infer, that the war was a necessary condition if the depression was to end. I've