War prosperity is like the prosperity that an earthquake or a plague brings.
[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.
History has witnessed the failure of many endeavors to impose peace by war, cooperation by coercion, unanimity by slaughtering dissidents.... A lasting order cannot be established by bayonets.
The attainment of the economic aims of man presupposes peace.
Economically considered, war and revolution are always bad business.
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
Public opinion always wants easy money, that is, low interest rates.
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