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Economists Across the Political Spectrum Agree . . .

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"War Is Bad for the Economy." 

Of course, this is no surprise to those familiar with basic economics—but it may come as a surprise to Tyler Cowen and Paul Krugman, NYT columnists and "public intellectuals," who have argued (here and here) that "major wars" promote economic stability and prosperity.

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

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