by Mark Thoma, University of Oregon (Department of Economics)

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America s War-Torn Economy

Posted on August 18, 2008

I'm still have doubts about the claim that the Iraq war has hurt the economy (more doubts here), but Joseph Stiglitz doesn't:No quick fix for America s war-torn economy, by Joseph Stiglitz, Project Syndicate: Some say there are two issues in the coming US elections: the Iraq war and the economy...; ...neither is faring well. In some sense, there is only one issue, and that is the war, which has worsened America s economic problems. ...It used to be thought that wars were good for the economy. After all, the Second World War is widely thought to have helped lift the global economy out of th...

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