Military spending can stimulate an economy without a war. The Reagan-era buildup near the end of the Cold War is credited here with helping restart the American economy. Its technological legacy is also judged to have remained influential decades later. The claim that a war is necessary to revive an economy therefore overlooks the effects of a peacetime buildup.
Notable Point · 9:08-9:30
A defense buildup can stimulate technology without requiring a war
The Reagan-era defense buildup is presented as an example of economic stimulus and technological development that did not require a new war.