Cost of WAR and Other Economic Impacts

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The economic impacts of WAR are overwhelmingly negative, characterized by significant long-term Gross Domestic Product (GDP) losses, massive destruction of capital, increased public debt, and persistently high inflation!!!

While short-term gains can occur in specific sectors (like Defense) due to increased government spending- sometimes termed “military Keynesianism”- these gains are temporary, localized, and are usually outweighed by the disruption of civil production and the destruction of infrastructure. Tune in to this episode to hear how bad WAR is for Small Business Owners!!!