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One of the biggest misconceptions made today by Keynesian economists is that war is good for the economy. One must never believe that such a claim is truthful. How can the destruction of land, the loss of thousands of lives, and an exorbitant amount of funds spent on war be great for an economy? Only the unique interests benefit from war. On top of that, war doesn't lead to peace! Do you ever wonder how our government is able to afford a 10 year war? The answer is simple: it cant. The Federal Reserve System literally creates cash to fund war; if our government in fact followed the constitution, you would see that Gold and Silver are the only legal tender and this was written in the constitution purposely to restrict government! Without a restriction on paper money, the government may well select to create money as it wishes without any type of restraint. This outcomes within the devaluation of the dollar and a lower standard of living for the American people.
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