Okay, today in "Ellie tries to understand financial markets," why is the Coronavirus tanking stocks? 1) it's not going to, like, kill all the consumers 2) it will increase health care costs, and health care is part of financial markets So I'm confused?
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If you look at WWII through a global lens it was a massive loss of wealth for the world It's just that it also *moved* wealth from the homeowner whose window was broken (the charnel houses of Europe) to the glazier paid to fix it (the US) so we perceived it as positive
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Eisenhower was acutely aware of this, and as our postwar president gave his famous speech about how the "military-industrial complex" robs the rest of the world Small picture, yes, defense moves government spending and creates jobs, but big picture that money is all wasted
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