(post-WWII)

On one thing tho visitor

bye

You're also saying Hoarding is saving

During WWII the US sold weapons and such to allies before we entered

so that helped the economy a lot

Saving is good for the economy

How did it raise the material standard of living? @Kylo Ren

Last I checked, consumers weren't demanding a new tank or aircraft

No but the allies were, the purchased it and it gave the government money for the budget

But it didn't help consumers

It didn't raise the material standard of living

thats what economic growth is about

It helped the consumers by making the economy better

not about raising a measurement.

How did it raise the material standard of living then?

Thats what improving the economy is about

it gave more money for the budget and the economy, which helped increase demand. Also, since people were manufacturing more supplies it could of lead to more jobs.

But once again

increasing government spending increases demand

did it raise the standards of living?

but increasing demand doesn't grow the economy

there is no such thing as "insufficent demand"

increasing demand, as long as it isn't met by a decrease in supply, increases RGDP

GDP isn't a good measure of economic growth

GDP doesn't consider what was made, of what quality

I actually have to leave

sorry

and if it was satisfying consumer demands

Okay

Which it won't be, since you raised demand artificially

I'm pretty sure WWII did raise the standard of living in the Sunbelt area because most of the new military bases were established in that area

But how did that raise the material standard of living?

Well, higher average wages in the area and a lower unemployment rate

Thats not increasing the material standard of living

*yeah i'm bad at terminology*

What is the material standard of living? 😅

Material means good and services

Yup, nevermind lol