“Let us suppose that the government today did exactly what Paul Krugman recommends, and engaged in massive government purchases comparable to those during World War II. and then the country proceeded to have similar government spending and economic performance as during World War II. That means private economic output would fall a total of 55% between now and 2015, or at an annualized rate of about 24% per year. Does the average American household right now want to suffer a 24% annual drop in their private standard of living, for three years in a row?”
http://consultingbyrpm.com/blog/2012/07/the-myth-of-wartime-prosperity.html
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