Economic Debate Begins on Impact of ‘Military Keynesianism'
I'm Chris Anstey, an economics editor in Boston. Today we're looking at the economic effects of a ramp up in defense spending. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren't yet signed up to receive this newsletter, you can do so here.
The late Richard Nixon was quoted as having said in 1971 that we are all Keynesians now. With governments from Berlin and Tokyo to Washington and New Delhi all planning to lift defense spending, it might now be said we're all military Keynesians.
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