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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Books Mentioned

Depression, War, and Cold War, by Robert Higgs
Military Spending and Industrial Decline: A Study of the American Machine Tool Industry, by Anthony DiFilippo

Articles Mentioned

“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

Resource Page Mentioned

World War II and American Prosperity

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Enjoy the Tom Woods Show? You’ll love my once-a-week podcast with Bob Murphy, Contra Krugman!

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