An Economic Battle Plan That Doesn't Require A War

Last month in this space, I invoked World War II, which ended a decade-long Depression and ushered in a generation of high growth. The war was simultaneously a demand stimulus, a supply-side recapitalization of industry, a technology policy, and a retraining-and-reemployment investment--as well as a military victory. But are such benefits attainable without a war?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.