Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
... is not the total cost of the war compared to the total cost of all damage done by Bushonomics, but the cost of the war on the external account.

Waging a war overseas means that the government, which rules the roost in terms of commanding and/or creating dollars to be directed as it bids, is in effect deliberately increasing the import share of the economy, to pay for all manner of service renders and goods provided in support of the war effort.

Indeed, given NATO staging for some of the operation, that operates on both side of the €/US$ FXR, since Europe is one of the exporters of those goods and services.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Jul 12th, 2008 at 08:47:34 PM EST
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