RiShawn Biddle points

RiShawn Biddle points out Larry Kudlow’s bizarre claptrap that the problem with the US economy and the stock market is that we don’t have enough war:

“Could it be that a lack of decisive follow-through in the global war on terrorism is the single biggest problem facing the stock market and the nation today? I believe it is…The shock therapy of decisive war will elevate the stock market by a couple-thousand points.” Make no mistake, to Kudlow “decisive follow-through” means getting tough on “Iraq, Iran, and Syria, but also to Saudi Arabia, and perhaps even Egypt”

War doesn’t increase prosperity. Some individuals benefit in the short term (manufacturing in service of war efforts, for instance) but only by trading off with other sectors. More importantly, war grows the state and extracts revenue from the economy. Kudlow thinks the market will like this. Who is this guy??

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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