In reply to Jed Rothwell's message of Thu, 26 Feb 2009 23:05:28 -0500: Hi, [snip] >So-called "boondoggles" or "pork" fail in category 3. They produce no >benefit. But, as I said, WWII produced no benefit yet it seemed to succeed >as a stimulus, so perhaps all you need are items 1 and 2. Either that, or >postwar prosperity was coincidental with no connection to wartime spending. >I have read revisionist historians and economists who believe that. [snip] I suspect WWII worked as a long term stimulus, because of the increased R&D that it required, which later paid off in other areas. E.g. air transport.
Regards, Robin van Spaandonk http://rvanspaa.freehostia.com/Project.html
