Commentary: Maintaining both consumer and military production during a 21st-century war

NPR Morning Edition | October 19, 2001| | Copyright

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Commentary: Maintaining both consumer and military production during a 21st-century war

Host: BOB EDWARDS Time: 10:00-11:00 AM

BOB EDWARDS, host:

Federal Reserve Board Chairman Alan Greenspan told Congress this week that the US economy dropped sharply after the terrorist attacks, and he said that increased spending on security would cause a short-term drop in worker productivity. Commentator Ev Ehrlich says it's been a long time since defense-related spending actually improved the economy.

EV EHRLICH:

For the generation that lived through the ...

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