It is always a fun read at the Coyote Blog.
“My son asked me how WWII ended the Depression. I said that the draft soaked up a lot of excess workers, which reduced unemployment, and British buying for the war helped our economy but that the war generally destroyed rather than created wealth. He said, “Dad, you can’t tell it to me that way. The guy grading the AP is going to be a Keynesian.” So we talked multipliers and aggregate demand.”
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