Attacking Syria Or Iran Would HURT the American Economy
September 16, 2013
Top Economists Say War Is Bad for the Economy
Preface: Many Americans – including influential economists and talking heads – assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their constituents’ jobs. Some specifically argue that peace with Syria would be bad for our economy.
As demonstrated below, this is hogwash.
A former Managing Director at Goldman Sachs (Nomi Prins) says that a strike on Syria or another middle east country could cause a meltdown in the derivatives market and the economy.
Nobel-prize winning economist Joseph Stiglitz says that war is bad for the economy: