Are warsgood for the economy?

In this posting we will discuss if wars are good for the economy and if so, what is their overall impact.You are living in a time when there is a huge debate over whether or not wars are justified. A component of this discussion is whether or not wars stimulate the economy.

Minimum of 2-3 detailed paragraphs well-supported by evidence

Consider the following in your answer:

1. What are the advantages and disadvantages of various methods of war financing?

2. What are the "costs" imposed on the economy by engaging in war?

3. Provide an example from US History; analyze the effects on economic institutions in the long run after a war.