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Thomas E. Woods, senior fellow at the Ludwig von Mises Institute, discusses the evidence that contradicts Paul Krugman’s opinion that war is good for the economy, the renewed skepticism on the cause-and-effect relationship between WWII production and U.S. economic recovery, the stifling of private investment during the Depression due to erratic governmental interventions, the centrality of managerial intransigence to current Big-3 automaker woes and the debate on the benefits of a global division of labor.

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