"War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods"
- Ludwig von Mises
About this Quote
This quote by Ludwig von Mises is a suggestion that war does not produce financial development. War can cause destruction of goods, which can lead to a decline in wealth. War can likewise trigger interruption of trade, which can cause a decline in economic activity. War can likewise trigger a decrease in financial investment, which can lead to a reduction in financial development. War can likewise cause a boost in federal government costs, which can lead to an increase in financial obligation and a decrease in financial growth. Ultimately, war can cause financial disruption, but it can not straight trigger financial growth. War can, nevertheless, indirectly cause financial development by developing a requirement for items and services, which can lead to increased production and financial development.
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