How to pay for the war
How to pay for the war If the battle against terrorism is protracted, the problem will soon be not
Howtopayforthewar Ifthebattleagainstterrorismisprotracted,the problemwillsoonbenothowtostimulatedomestic spending,buthowtorestrainit Ifindslightlyshockinghowlittletheworldofeconomics hasadjustedtothedestructionoftheWorldTradeCenter. Toomuchdiscussionhasbeenintermsofmarginal adjustmentsandtoolittleabouthowtoadapttoaworldat war. IheardebatingpointsaboutwhytherightwingPresident GeorgeWBushshouldbegivingtheUSeconomyabigger stimulusthancentreleftgovernmentsinEurope.Perhaps nobodyhastoldthepresidentthatheisbetrayingthe monetarisminwhichheissupposedtobelieve.Isometimes havetheimpressionthatfewmainstreameconomistshave evermetarealliveRepublicanorConservative. Ontheeconomicrightthereisstillatendencytoassume thatthiswillbeaminimalwaroverbyChristmasandthat wecansoongetbacktothegameofstickingpinpricksinto

