WW 2 Was a Keynesian Event for the U.S.
Of course Keynsian stimulus doesn't help much if your infrastructure has been annihilated and your labor force destroyed. So my guess is that the U.S. economy was virtually the only one to derive a benefit from all this spending:
You can ignore the GDP line, it's got a goofy scale (since GDP follows a reasonably stable trend some indicator of rate of change - accelerations and decelerations - would be more useful). But despite the unreliable source I'm linking to, the Budget Deficit line is about right.
Wikipedia also has a nice little article on income redistribution. Honestly, with Wikipedia I don't see why people pay for college nowadays.
1 Comments:
The UK really didn't fully recover from the war until the 1970s.
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