applied economics wrote:
You are referring to Weaponized Economics. In the end, it always in retrospect proves to be a failed jobs program as you call it. Opportunity Cost: Nations do not fail and then break up into competing tribes due to spending on government sponsored health care for all, high speed rail, elevated trains & subways in large cities, day care assistance and tuition free education for those ages 3 to 23 plus tuition free education for health care providers. Weaponized Economics in the end always proves to be a failure. A quick failure because M.I.C., even when there is no immediate need for large air force, large army & large navy, M.I.C. in nations with large military ALWAYS resist efforts to down size large military. Then one day, the whole thing falls apart. Show me letters to the editor from mid-1989 &/or college papers or graduate school papers you wrote in mid-1989 predicting the fall of East Germany and Soviet Union in 1989.
That settles it. If the Romans had just built more high speed rail and subways we'd all be speaking Latin.