The Keynesian Architects of the U.S. Warfare State | Joseph T. Salerno (by misesmedia)
From Ludwig von Mises Institute:
The Donald M. Rembert lecture, presented at the 2012 Mises Institute Supporters Summit: “The Truth About War: A Revisionist Approach”. Recorded at Callaway Gardens, Georgia, on 27 October 2012.
Music by Kevin MacLeod.
I love all of the Mises videos, they are all highly informative but I especially like this one for two reasons. For one, it simplifies and explains the backbone of our Keynesian economic philosophy; Military spending and the Keynesian multiplier. However, I mainly like this video because Rembert incorporated the insane video of Krugman talking about how an Alien invasion would be the greatest thing for our economy. I hope Krugman never goes away.