There are all kinds of ways militarism and even the preparation for war can deform the economy, and many of these are easy to miss. I go through a bunch of them in this talk delivered at the 2016 Mises University program, hosted by the Mises Institute.
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Depression, War, and Cold War, by Robert Higgs
Military Spending and Industrial Decline: A Study of the American Machine Tool Industry, by Anthony DiFilippo
“The Myth of U.S. Prosperity during World War II,” by Robert Higgs
“The Neglected Costs of the Warfare State: An Austrian Tribute to Seymour Melman” (PDF) by Tom Woods
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