But when money is created then you have inflation, which causes all its own problems. And again, potentially it’s better, potentially it isn’t depending on the limitations of the two methods. Anyway, I’m turning in so goodnight. I’ve enjoyed this conversation.
Would be cheaper to import steel and stockpile. You can't reasonably keep thousands of men on retainer in case of a war. There's only about 50000 in the armed forces on the front line.
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I wasn’t suggesting keeping them on retainer, merely keeping the relevant equipment and furnaces maintained, though not on. It would I imagine involve a skeleton workforce of only a handful of workers. Though stockpiling would also be a sensible solution.
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