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This Author: Milton Friedman
This Publisher: Hoover Institution

The Economic Impact of the War on Terrorism by Milton Friedman

The Economic Impact of the War on Terrorism

by Milton Friedman

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26 Min.

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The September 11 attacks in New York and Washington have already cost America thousands of lives and billions of dollars in damages. But those are only the direct costs. How severe and how lasting will the impact be on our economy as whole? And how will new burdens on the federal government, including a military buildup and a bailout of the airline industry, affect fiscal policy? Should the government cut taxes or increase spending to get the economy moving again?

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