re: #575 jamesfirecat

Neither theory works because Keynesianism ignores the price system, calls for central planning, and price controls. That is a recipe for misallocation of resources. I never stated that Military Keynesianism worked. I only stated that if you believe WWII ended the Depression then you have to accept Military Keynesianism as gospel.

Military Keynesianism obviously doesn’t work because we spend 20% of our annual budget and billions on military technology and we have had an employment lag for the last decade.