Sun Tzu on Inflation

You'll recall that Sun Tzu remarked centuries ago that wars cause inflation. What, like $4 a gallon gas? Vietnam forced Nixon off the gold standard ("Nixon Shock #1") and gave us stagflation during the Ford administration, so maybe so...

Received wisdom has it that World War II got us out of the Great Depression, making war seem like Public Works in the Keynesian sense. I'm not so sure. If you compare the U.S. economy to Japan's during the Fifties and Sixties, you get absurdly different pictures.

We could save billions just by cutting loose Halliburton and Blackwater.