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Ep. 2507 How (Not) to Run Wars

The Tom Woods Show

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Evolution of Economic Planning in Wartime

Exploration of the historical development of economic planning during wartime, emphasizing the origins of central planning from wartime economies, government control over economic activities during world wars, the defense industrial base concept, and the shift to political capitalism. The chapter also discusses the impact on research and development, repetitive errors in wars, and a lack of reflection on failures, while expressing skepticism about quick shifts in ongoing global conflicts.

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