by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 12, 2015
Image by Leo Reynolds via Flickr
Parts W-Z in the Insider’s Economic Dictionary.
War: Economically, the major cause of national debt and inflation, and often of postwar deflations. Politically, war serves as an excuse to centralize control of government in the hands of the few, and in the Executive Branch of government.
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