re: #589 Mosh

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.

If it didn’t work then why did we go into WW2 with 20% unemployment and come out of it with a fixed economy?