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Is war Hell Although most would answer yes war is Hell there are some who believe that war has positive impacts especially when it comes to the economy One of the most enduring myths is that wars can be economic saviors Moffatt 2003 So maybe the better question would be Is war good for the economy Whether or not it is remains to be a very controversial topic but to even consider the question you must first have a basic understanding of the general effects of wars on past economics be it positive or negative and then you must apply it to something you can relate tosay the economic impact of the present war in Iraq The typical a war gives the economy a boost argument usually goes something like this When a country prepares for and goes to war it must equip its armed forces with every possible means of winning said war It must provide each individual soldier with his personal equipment support said soldier in the field with beans beds and bullets and finally it must provide the soldiers unit with the Big Guns necessary to win the war Gowen 2003 In order to provide these necessities contracts will be made with manufacturers large and small alike These companies will have to increase production to meet these increased demands thus requiring them to hire more personnel The result-decreased unemployment Additionally if the government mobilizes military reservists to active duty civilian workers need to be hired to cover their vacancies in the private sector The result-decreased unemployment With more people working more people are spending And with more people spending the retail sector experiences an economic boom With the increased workload in the retail sector more workers must be hired Result-decreased unemployment And thus the cycle of economic growth continues as a government prepares for war Moffatt 2003 A major flaw in the above argument is referred to by economists
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