(C4L) – There is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran and Afghanistan are failing to make the same impact today, they often claim that the current conflicts are simply too small to be economically significant.
There is, of course, much irony here. No one argues that World War II, with its genocide, tens of millions of combatant casualties, and wholesale destruction of cities and regions, was good for humanity. But the improved American economy of the late 1940s seems to illustrate the benefits of large-scale government stimulus. This conundrum may be causing some to wonder how we could capture the good without the bad.
If one believes that government spending can create economic growth, then the answer should be simple: let’s have a huge pretend war that rivals the Second World War in size. However, this time, let’s not kill anyone. Continue reading →
Israel’s air force held a large-scale exercise simulating war on several fronts with enemies that include Iran, Israeli defense officials said yesterday. The practice this week involved Israel’s entire air arm and was meant to prepare for an all-out war, including missile attacks aimed at Israeli cities, the officials said. Continue reading →
The International Training “Immediate Response 2008” conducted with the joint efforts of the USA and Georgian Armed Forces was held at Vaziani Military Base on July 15-31. The mission of the training was to improve combined capabilities and strengthen regional cooperation. Continue reading →