Paul B. Farrell
MarketWatch
August 21, 2008

ARROYO GRANDE, Calif. (MarketWatch) — 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?”

There really is only one answer: Deep inside we love war. We want war. Need it. Relish it. Thrive on war. War is in our genes, deep in our DNA. War excites our economic brain. War drives our entrepreneurial spirit. War thrills the American soul. Oh just admit it, we have a love affair with war. We love “America’s Outrageous War Economy.”

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