Garrett-Peltier in Dollars & Sense, “Is Military Keynesianism the Solution?”

Heidi Garrett-Peltier, Research Fellow at PERI

A column by Heidi Garrett-Peltier ’06G, research fellow at the Political Economy Research Institute (PERI), looks at the idea that increased defense spending to send an additional 30,000 U.S. troops to Afghanistan may help the damaged economy the same way any government spending is used when the economy falters. She says this “military Keynesianism” may work to some degree, but is an inefficient way to spend public money. Instead, she argues, spending on non-military projects creates more jobs and more positive economic impact. (Dollars & Sense, 3/8/10)

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