{"id":326249,"date":"2024-02-20T10:16:44","date_gmt":"2024-02-20T16:16:44","guid":{"rendered":"https:\/\/conk.com\/?p=326249"},"modified":"2024-03-06T09:23:34","modified_gmt":"2024-03-06T15:23:34","slug":"invade-the-worldboom-the-economy","status":"publish","type":"post","link":"https:\/\/conk.com\/contributors\/sabrin\/invade-the-worldboom-the-economy\/","title":{"rendered":"Invade the world\u2026boom the economy!"},"content":{"rendered":"

It was only matter of time before the Wall Street Journal or other establishment newspapers published an article about the economic benefits of war and thus military spending.\u00a0 In today\u2019s WSJ, Tom Fairless\u2019s page A2 article, \u201cHow Ukraine War Boosts U.S. Economy,\u201d<\/a> is music to both the Biden administration officials\u2019 ears and America\u2019s military contractors.<\/p>\n

The article quotes Lael Brainard, director of the White House National Economic Council, \u201cThat\u2019s one of the things that is misunderstood\u2026 how important that funding (military spending) is for employment and production around the country.\u201d<\/p>\n

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Murray\u2019s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.<\/p>\n<\/div>\n

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Brainard\u2019s statement is another example of the endless number of shills in DC who assert war spending is \u201cgood for the economy.\u201d\u00a0 They obviously ignore the opportunity costs of war and preparation for war.\u00a0 As President Eisenhower observed, \u201cEvery gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed.\u201d\u00a0<\/p>\n

Even the former general understood the opportunity costs of military spending.\u00a0 However, we don\u2019t need a welfare state to feed the hungry and put clothes on the backs of the those who lack warm clothing.\u00a0 That is the responsibility of the nonprofit sector\u2014real philanthropy. <\/a>\u00a0<\/p>\n

Eisenhower\u2019s warning about the military-industrial complex in his Farewell Address<\/a> is more relevant today as when we gave his address to the nation on January 17, 1961.\u00a0<\/p>\n

In a similar vein, Paul Valery sums up war and the military-industrial complex: \u201cWar: a massacre of people who don’t know each other for the profit of people who know each other but don’t massacre each other.\u201d<\/p>\n

Stopping massacres is the most vital goal of we the people. As Thomas Jefferson stated: \u201cPeace and friendship with all mankind is our wisest policy, and I wish we may be permitted to pursue it.\u201d<\/p>\n

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Every Wednesday at\u00a011:05am talk show host Gary Nolan and I discuss<\/a>\u00a0the economy and politics.\u00a0\u00a0The Fort Myers Mises Circle presentations are available online<\/a>.\u00a0<\/p>\n

Latest podcast on healthcare<\/a>\u00a0with host Johnathan Westover;\u00a0Incentivizing wellness podcast<\/a>\u00a0with Bernadette Pajer;\u00a0the Human Action podcast<\/a>\u00a0with Bob Murphy on my American journey;\u00a0Joseph Cotto and I<\/a>\u00a0discuss Argentina and the US, and the Human podcast with Bob Murphy on<\/a> healthcare; Robert Scott Bell and I discuss healthcare<\/a> on the second hour of his podcast,<\/p>\n

Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a \u201cpublic intellectual\u201d for writing about the economy in scholarly and popular publications. His new book,\u00a0The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance<\/a><\/strong>\u00a0(Business Expert Press, Oct. 24, 2022), and his other BEP publication,\u00a0Navigating the Boom\/Bust Cycle: An Entrepreneur\u2019s Survival Guide (October 2021),<\/a>\u00a0provides decision makers with tools needed to help manage their businesses during the <\/em>inexecrable business cycle.\u00a0 Sabrin’s autobiography,\u00a0From Immigrant to Public Intellectual: An American Story,<\/a><\/strong>\u00a0was published in November, 2022.<\/em><\/p>\n

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Murray\u2019s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.<\/p>\n<\/div>\n

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The military-industrial complex is on a roll More<\/a><\/p>\n","protected":false},"author":1,"featured_media":245423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[310],"tags":[],"_links":{"self":[{"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/posts\/326249"}],"collection":[{"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/comments?post=326249"}],"version-history":[{"count":0,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/posts\/326249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/media\/245423"}],"wp:attachment":[{"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/media?parent=326249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/categories?post=326249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/conk.com\/wp-json\/wp\/v2\/tags?post=326249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}