Is the war in Iraq good or bad for our economy? How so?

Question

Please state your answer in terms of short or long term perspective. How long is short term and long term. Just curious and trying to get a better understanding.

Answer 1

From a pure economic point of view, it depends if this is spending or investment. If its spending, then as a society, we lose. If its an investment that will pay back in the future, then its a good thing.

Taking the political and personal opinions aside, a financial perspective of this should be seen as any other investment. If a new business is started, it requires a lot of investment in the beginning. There is then always a risk if it will pay of or not. Specifically, in this case its a very very high risk investment of large amount. Its very likely, there are other alternative lower risk investments that can pay back at the same rate. In which case, this can still be considered as a bad thing for the economy.

Only time will tell. May be the next generation will give that verdict to these actions by us.

Answer 2

It is both. good for some and bad for others.

War requires a lot of equipment so those that make it gain.

It costs a lot to wage war so the general public may loose some.

The USA so far is in good shpe. Better than most would admit.

The war in Iraq is not the reason for the high price of oil. That was and is caused by other factions.

Answer 3

This sounds like your homework. The conventional acedemic answer would be good for the short run, but bad for the long run. In truth though, it is bad for both the short and long run. War spending is wasteful and disruptive. Spending can be easily increased by far less costly methods. All you have to do is print more money.

Answer 4

Not that I am an economists or anything, but from what I understand the price of oil has risen because of the war and that is generally not good for the economy.

Answer 5

It's good for the economy if you make nooses or coffins for dictators. LOL! Good riddance Saddam!