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The 9/11 of Layoffs

© Matt Bors

Many claim that WWII was the thing that ended the Great Depression, but I don’t think the current wars (Afghanistan, Iraq, Terror, Yemen, …) are making things better.



  1. Bert and/or Ernie wrote:

    WWII may have gotten the credit, but it isn’t real. We doubled the workforce by employing women, there was a strong civic support, and there was a lot of innovation. War has never improved an economy unless it was through pillaging another economy.

    Monday, January 4, 2010 at 3:33 pm | Permalink
  2. JimM wrote:

    It’s called Broken Windows Economics after a parable about a shopkeeper’s son stimulating prosperity in the town by breaking a window – thus causing the shopkeeper to spend money on its repair. It’s clear that it doesn’t scale – otherwise we’d all be increasingly prosperous as our cities turned to rubble. It also points out that spending money to repair the “broken window” means that money can’t be spent elsewhere.

    Wednesday, January 6, 2010 at 1:34 am | Permalink