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In President Dwight Eisenhowers 1961 farewell speech he stated In the councils of government we must guard against the acquisition of unwarranted influence whether sought or unsought by the military-industrial complex The potential for the disastrous rise of misplaced power exists and will persist President Eisenhower warned of the danger of our nations mixing of the military and big business industry War does not positively affect the economy this is a fallacy created by the military industrial complex The Merriam-Webster dictionary defines the military industrial complex as an informal alliance of the military and related government departments with defense industries that is held to influence government policy The military industrial complex the big business side manufactures and sells war supplies The only individuals that can legally purchase these supplies are the government The government will keep purchasing these supplies as defense spending in order to be as technologically advanced as possible At the same time this defense spending is boosted at times of war As President Eisenhower warned Industrys desire for growth reflects on the military This in-turn causes the military to desire more wars to support military growth and expansionJohn Maynard Keynes claimed that an increase in military spending leads to economic growth His claims are known as Military Keynesianism His main point was that when money is spent by the government on the military the industries that manufacture goods for the military will grow in-turn benefiting the economy What John Maynard Keynes did not realize is that whenever the government spends money it is a tax on the people in some form The government has three options when looking for a source of money to be spent they can borrow the money directly tax the people for money or they can print the money All three of these can be considered a tax on the people directly or indirectly When the government borrows
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