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

GDP is flawed @Kylo Ren , It does not represent production, but overall spending, and is dependent on the techniques that are applied to the calculation of the respective price indices. In a private market economy the aims of economic activity are highly diverse and represent individual and subjective valuations. For an economy that is to serve multiple private needs, the calculation of economic growth makes little sense, if any at all. Each good and service has a different value for each user, and there is no common standard of value available. This is even more so the case, when new products and new kinds of services come to the market. Valuations are not only heterogeneous among persons, but also differ for the same person according to the specific circumstances. Human beings have different needs and wants in different situations, and they experience changes of taste over time. Quality itself is not an attribute inherent to the things, but it is a valuation by economic actors.

I don't know nearly enough about material standard of living to argue it