No Comment — November 1, 2010, 4:01 pm

WaPo’s Broder: Another War Would Be Good for the Economy

On Sunday we were offered more Washington Post editorial page brilliance by David Broder. In “The War Recovery?” Broder looks beyond the looming Republican takeover of Congress to ask how Obama can get reelected in 2012. He recommends that Obama join arms with the new Republican Congress and maneuver the country to its third war in the CENTCOM theater—this time against Iran.

War and peace influence the economy. Look back at FDR and the Great Depression. What finally resolved that economic crisis? World War II.

Here is where Obama is likely to prevail. With strong Republican support in Congress for challenging Iran’s ambition to become a nuclear power, he can spend much of 2011 and 2012 orchestrating a showdown with the mullahs. This will help him politically because the opposition party will be urging him on. And as tensions rise and we accelerate preparations for war, the economy will improve.

This column offers some of the strongest evidence yet of the moral depravity and sheer nuttiness that populates Fred Hiatt’s editorial page. Broder’s claim that World War II “resolved the economic crisis” rests on the fact that the economic crisis ended during the war, which is far from proof that the war ended the crisis (Matthew Yglesias gives an alternate view here). Moreover, Broder misses the relationship between the current economic crisis and war spending. Nobel Prize-winning economist and Harper’s contributor Joseph Stiglitz, for instance, who put the cost of the wars in Iraq and Afghanistan during the Bush years alone at $3 trillion, linked those costs to the severe recession that the United States experienced starting in 2008.

The case of Britain in World War II also offers lessons different from the one discerned by Broder. Britain engaged in heavy deficit spending to finance the war and then found itself enmeshed in colonial struggles after the war. The consequences were devastating for the British economy—Keynes alluded to it as a “financial Dunkirk”–and it took a generation for Britain to recover. Keynes, the great war economist of the last century, who hastened to refute appeasement politics and embraced the need for the Second World War, also offered some specific words of caution about our tendency to underassess costs and overassess benefits of war.

There may be good reasons for some future military action by the United States in the Middle East, but it is an insult to our intelligence and our values as a nation to suggest that boosting the economy is one of them. Broder’s column shows how little the Beltway punditry has learned from one of the nation’s most ill-considered foreign ventures in recent memory.

Share
Single Page

More from Scott Horton:

Six Questions October 18, 2014, 8:00 pm

The APA Grapples with Its Torture Demons: Six Questions for Nathaniel Raymond

Nathaniel Raymond on CIA interrogation techniques.

No Comment, Six Questions June 4, 2014, 8:00 am

Uncovering the Cover Ups: Death Camp in Delta

Mark Denbeaux on the NCIS cover-up of three “suicides” at Guantánamo Bay Detention Camp

From the June 2014 issue

The Guantánamo “Suicides,” Revisited

A missing document suggests a possible CIA cover-up

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

November 2014

Stop Hillary!

= Subscribers only.
Sign in here.
Subscribe here.

How the Islamic State was Won

= Subscribers only.
Sign in here.
Subscribe here.

Cage Wars

= Subscribers only.
Sign in here.
Subscribe here.

Everyday Grace

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
Stop Hillary!·

= Subscribers only.
Sign in here.
Subscribe here.

"What Hillary will deliver, then, is more of the same. And that shouldn’t surprise us."
Photograph by Joe Raedle
Article
Cage Wars·

= Subscribers only.
Sign in here.
Subscribe here.

"In the 1970s, “Chickens’ Lib” was a handful of women in flower-print dresses holding signs, but in the past decade farm hens have become almost a national preoccupation."
Photograph by Adam Dickerson/Big Dutchman USA, courtesy Vande Bunte Farms
Article
Paradise Lost·

= Subscribers only.
Sign in here.
Subscribe here.

"Suffering Sappho! Here we still are, marching right into yet another century with our glass ceilings, unequal pay, unresolved work and child-care balance, and still marrying, forever marrying, men."
Illustration by Anthony Lister
Article
Off the Land·

= Subscribers only.
Sign in here.
Subscribe here.

"Nearly half the reservation lives below the poverty line, with unemployment as high as 60 percent, little to no infrastructure, few entitlements, a safety net that never was, no industry to speak of, and a housing crisis that has been dire not for five years but since the reservation’s founding in 1855."
Illustration by Stan Fellows
Post
Introducing the November 2014 Issue·

= Subscribers only.
Sign in here.
Subscribe here.

Doug Henwood on stopping Hillary Clinton, fighters and potential recruits discuss the rise of the Islamic State, the inevitability of factory farming, and more

Cover photo by Reuters/Jonathan Ernst

Industry estimate of the life span of the average umbrella (in years):

2.5

Cancer researchers in California confirmed that dogs can sniff out cancer patients with roughly the same accuracy as screening tests.

A deaf dog belonging to a deaf owner was shot and killed in Alabama, and an Indiana dog’s skin troubles were found to be caused by an allergy to humans. “It’s just not his fault,” said the owner of Lucky Dog Retreat.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today