Highlights

 
Quotable
The deterioration of every government begins with the decay of the principles on which it was founded.
Charles-Louis De Secondat
Original Letters Blog US Casualties Contact Donate

 
June 19, 2008

War, Economy Can't Be Decoupled


by Rep. Ron Paul

What is the importance of the war in Iraq relative to other current issues? This is a question I am often asked, especially as Americans continue to become increasingly aware that something is very wrong with the economy. The difficulty with the way the question is often asked relates to the perception that we are somehow able to divide such issues, or to isolate the cost of war into arbitrarily defined areas such as national security or international relations. War is an all-encompassing governmental activity. The impact of war on our ability to defend ourselves from future attack, and upon America 's standing in the world, is only a mere fraction of the total overall effect that war has on our nation and the policies of its government.

The cost of this particular war is enormous, and therefore it's of great importance. There is no single issue that is more important at this particular time. The war has, of course, made us less safe as a nation and damaged our credibility with allies and hostile nations alike. Moreover, years of growing deficits have been spurred on by the high price tag of war, and the decision to pay that price primarily by supplemental spending rather than traditional "on-budget" accounting.

War takes what would otherwise be productive economic capacity and transfers both that capacity and the wealth it would generate in normal, peaceful times into far less economically viable activities. It also impacts budget priorities in ways that are detrimental to our nation. I have often pointed to the fact that we are building bridges in Iraq while they are collapsing in the United States .

All war, but most particularly war funded by monetary inflation, bleeds a country in multiple ways. Obviously, many of the young people who are in the military literally give their blood, and sometimes their lives, fighting in wars of this type. Meanwhile, those who do not fight the war, but fund it, are forced to pay both the immediate costs, as well as seeing their long-term purchasing power erode, as the twin pillars of debt and inflation are foisted upon the backs of current taxpayers and future generations. Neither conspiracy nor coincidence explains steep increases in the price of gas as the war drags on. No, this is simply a reality of the inflationary policies that, among other things, make this war possible.

As people are continually asked to choose whether our nation's teetering economy or the failed foreign policy of the past several decades is more important as we look forward, it is well for those of us who understand that these two issues are closely linked to continue to explain this fact to our fellow citizens. To fix the problem requires a proper diagnosis.


comments on this article?
 
 
Archives

  • Imagine an Occupied America
    3/10/2009

  • The Draft: Just Say No
    2/17/2009

  • Gaza Resolution One-Sided and Unwise
    1/10/2009

  • Obama's Opportunity
    1/6/2009

  • Whose Iraq Predictions Have Come True?
    9/23/2008

  • How Foreign Policy Affects Gas Prices
    8/23/2008

  • Getting Out of Iraq
    7/17/2008

  • Using One Tragedy to
    Create Another
    7/16/2008

  • Congress's 'Virtual Iran War Resolution'
    7/3/2008

  • War, Economy Can't Be Decoupled
    6/19/2008

  • March to War in Lebanon?
    5/22/2008

  • The Economy: Another Casualty of War
    5/20/2008

  • The Emerging Surveillance State
    4/8/2008

  • The Iraq War Ledger
    3/25/2008

  • Living by the Sword
    3/15/2008

  • Intervening Our Way to Economic Ruin
    3/14/2008

  • No to Torture, Yes to the Constitution
    3/13/2008

  • Stop Choosing Sides
    3/7/2008

  • War at Any Cost?
    3/1/2008

  • Protect America from the Protect America Act
    2/1/2008

  • The Ties That Strangle
    1/10/2008

  • Bombed If You Do, Bombed If You Don't
    12/11/2007

  • 'Homegrown Terror' Act an Attack on Internet Freedom?
    12/7/2007

  • Entangling Alliances
    11/15/2007

  • Struggling for Relevance in Cuba: Still No Cigars
    10/30/2007

  • Interventionism? Isolationism? Actually, Both
    10/25/2007

  • Support the American Freedom Agenda Act of 2007
    10/21/2007

  • The Fear Factor
    7/31/2007

  • Don't Delay: US Out of Iraq Now
    7/14/2007

  • Signing Statements Erode Constitutional Balance
    7/12/2007

  • Recapturing the Spirit of Independence
    7/3/2007

  • Have We Forgotten 2003 Already?
    6/21/2007

  • Nonintervention: The Original Foreign Policy
    6/19/2007

  • The Price of Delaying the Inevitable
    6/5/2007

  • On Patriotism
    5/24/2007

  • Congress Must Do Its Duty
    5/22/2007

  • More Bureaucracy,
    Less Security
    5/15/2007

  • We Just Marched In (So We Can Just March Out)
    4/24/2007

  • More Pork for More War
    3/27/2007

  • Defund the War
    3/22/2007

  • The Original American Foreign Policy
    3/16/2007

  • The Scandal at Walter Reed
    3/9/2007

  • With Friends Like These…
    2/27/2007

  • In Congress, Opposing the War but Doing Nothing to Stop It
    2/15/2007

  • Congress Racing to Spend
    $1 Trillion on Iraq
    2/13/2007

  • Support the Troops by Ending the War
    2/1/2007

  • Inflation: The Hidden
    Cost of War
    1/30/2007

  • The Fatal Conceit
    in the Middle East
    1/23/2007

  • The Irrelevance of
    Military Victory
    1/16/2007

  • On the Mideast Escalator
    1/15/2007

  • Saddam Is Dead - So Are 3,000 Americans
    1/6/2007

  • 2007 Promises More of the Same
    12/26/2006

  • America's Original
    Foreign Policy
    12/19/2006

  • Who Makes Foreign Policy?
    12/12/2006

  • Congress to Ponder Conscription?
    11/28/2006

  • The Law of Opposites
    9/9/2006

  • This Will Come Back
    to Haunt Us
    7/21/2006

  • Avoiding War With Iran
    5/23/2006

  • Foreign Policy, Monetary Policy, and Gas Prices
    5/9/2006

  • True Foreign Aid
    5/2/2006

  • Policy Is More Important
    Than Personnel
    4/25/2006

  • An Embargo Is Not a Peaceful Alternative
    4/18/2006

  • Iran: The Next Neocon Target
    4/7/2006

  • Making the World Safe for Christianity
    3/30/2006

  • A Sense of Déjà Vu
    2/20/2006
  • More Archives


    Ron Paul is a Republican Congressman from Texas. He was the 1988 Libertarian Party candidate for President.

    Reproduction of material from any original Antiwar.com pages
    without written permission is strictly prohibited.
    Copyright 2014 Antiwar.com