Yes, America's economy is a war economy. Not a "manufacturing" economy. Not an "agricultural" economy. Nor a "service" economy. Not even a "consumer" economy.
Seriously, I looked into your eyes, America, saw deep into your soul. So let's get honest and officially call it "America's Outrageous War Economy." Admit it: we secretly love our war economy. And that's the answer to Jim Grant's thought-provoking question last month in the Wall Street Journal -- "Why No Outrage?"
We have been in a constant war economy since Pearl Harbor. That was the reason for the Cold War; to trick the United States people into staying on a war economy even after World War Two was over and we had won it!
See (and repost) The New McCarthyism