dimelab dimelab: shrinking the gap between talk and action.

reduce GDP Topic in The Credit Debacle Catalog

naked capitalism Sun 2010-01-03 15:28 EST

Guest Post: Military Spending is INCREASING Unemployment and REDUCING GDP

PhD economist Dean Baker pointed out yesterday that America's massive military spending on unnecessary and unpopular wars actually lowers economic growth and increases unemployment...

Guest Post; increasing unemployment; military spending; naked capitalism; reduce GDP.