Thomas E. Woods, senior fellow at the Ludwig von Mises Institute, discusses the evidence that contradicts Paul Krugman’s opinion that war is good for the economy, the renewed skepticism on the cause-and-effect relationship between WWII production and U.S. economic recovery, the stifling of private investment during the Depression due to erratic governmental interventions, the centrality of managerial intransigence to current Big-3 automaker woes and the debate on the benefits of a global division of labor.
MP3 here. (38:15)
Thomas E. Woods. is a senior fellow at the Ludwig von Mises Institute, co-editor with Murray Polner of We Who Dared to Say No to War: American Antiwar Writing from 1812 to Now, and author of The Politically Incorrect Guide to American History and Meltdown: A Free-market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse.