Lessons of War Finance

Lessons of War Finance

War finance provides economists with a laboratory for testing theories of inflation and its control. The methods adopted to finance war not only have significant effects during the war period but also can have far-reaching consequences long after the war has ended. With two major wars in our generat...

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Veröffentlicht in:The American economic review 1951-09, Vol.41 (4), p.618-631
1. Verfasser: Woodlief, Thomas
Format: Artikel
Sprache:eng
Schlagworte:
Bank loans
Debts, Public
Defense spending
Economic theory
Federal Reserve Bank
Finance
Financial securities
Interest rates
Investment banking
Investors
Savings
Securities sales
Studies
United States
War
War economics
World war, 1939-1945
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Beschreibung
Zusammenfassung:War finance provides economists with a laboratory for testing theories of inflation and its control. The methods adopted to finance war not only have significant effects during the war period but also can have far-reaching consequences long after the war has ended. With two major wars in our generation and another threatening, it behooves us to study the experience of the past and to endeavor to avoid repeating any mistakes we have made.
ISSN:0002-8282
1944-7981