Title: Economic Consequences of War on U.S. Economy: Debt, Taxes and Inflation Increase; Consumption and Investment Decrease | HuffPost
Headings: Economic Consequences of War on U.S. Economy: Debt, Taxes and Inflation Increase; Consumption and Investment Decrease
Economic Consequences of War on U.S. Economy: Debt, Taxes and Inflation Increase; Consumption and Investment Decrease
MORE:

Content: Economic Consequences of War on U.S. Economy: Debt, Taxes and Inflation Increase; Consumption and Investment Decrease | HuffPost
Michael Shank, Ph.D., Contributor
Adjunct Assistant Professor, NYU’s Center for Global Affairs
Economic Consequences of War on U.S. Economy: Debt, Taxes and Inflation Increase; Consumption and Investment Decrease
02/23/2012 05:00 pm ET Updated Apr 23, 2012
The organization for which I work, the Institute for Economics and Peace, released a new report this week detailing the macroeconomic effects of U.S. government spending on wars and the military since World War II. Our “Economic Consequences of War on the US Economy” report studies five periods — World War II, the Korean War, the Vietnam War, the Cold War, and the Afghanistan/Iraq wars — highlighting the effect on seven macro-economic factors: debt, consumption, investment, jobs, taxes, government deficits, and inflation. Download
It shows that U.S. has paid for its wars either through debt [World War II, Cold War, Afghanistan/Iraq], taxation [Korean War] or inflation [Vietnam]. The report shows the following economic indicators experiencing negative effects either during or after the conflicts: Public debt and levels of taxation increased during most conflicts.