FYI: The cycle looked something like this:
.Governments would ramp up spending during wartime.
.This spending would increase wages and earnings, thus leading to prosperity.
.All that spending would eventually lead to an inflationary spike.
.Prosperity would inevitably be followed by a hangover once that spending dried up when the wars were over.
.A deflationary depression would follow and then the cycle would start all over again with the onset of the next war.
Regards,
Ted
https://awealthofcommonsense.com/2019/10/world-war-ii-the-economic-anomaly/
