What Can We Learn From the History of Military Keynesianism?

Tim Barker: World War II ended the depression by mobilizing the economy in a way that the New Deal never did. Under LBJ Vietnam War spending dwarfed war on poverty spending and it made it impossible to spend much money on the war on poverty because it took up so much money. He says what is called for I think is a kind of economic equivalent of war. The question is can we get it? Dan O'Neill: One of my big worries about the Biden program is that it's so tied to this so-called new cold war with China that it may play some role in actually encouraging the intensification those tensions.