Re: Germany to halt new Ukraine military aid

On Mon, 19 Aug 2024 00:07:43 +0200, D <nospam@example.net> wrote:

Note how well the arms industry is doing, and that it is in their interest
to prolong the war as much as possible, instead of giving ukraine a ...

During earlier days in Vietnam, US investors were singing "we're in
the money."  Deficit spending, sooner or later, brings about
inflation.

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The comparison with the 1960s seems particularly relevant as it was
also a period when inflation appeared to be unresponsive to
developments in the economy before taking off sharply.  Unemployment
fell steadily in the first half of the decade, from 7% to 3.5% by
1968, with little impact on wages or prices. However, in a warning for
today, this changed after 1965, when prices picked up significantly
and core inflation accelerated 6% towards the end of the decade (chart
2).

One of the triggers for that shift was fiscal expansion as the US
pursued the war in Vietnam and domestic expenditure rose to fund the
Great Society programme, a set of unprecedented initiatives launched
by President Lyndon Johnson to alleviate poverty and racial
discrimination. The extra stimulus pushed unemployment down even
further, creating a tipping point where wages and prices began to take
off.

https://www.schroders.com/en-us/us/individual/insights/is-the-road-to-inflation-taking-us-back-to-the-1960s/