MaxE wrote:
Nobody has yet pointed out that this article was written at the start of the Trump administration and seems to make the usual intellectual mistake of assuming a (then) current trend will continue indefinitely.
To address some other comments, historically the US has reaped economic benefits from wars, a possible exception being the war in Iraq which was the biggest foreign policy mistake the US made in my lifetime (the Vietnam War in contrast had some points in its favor). Involvement in Ukraine (if that's what the OP has in mind) won't necessarily devastate the US as it is devastating Ukraine.
No we did not reap economic benefits from wars. We are still paying ~$50 billion a year on Vietnam veterans health care. We are still paying billions more in interest on the debt we got from doing it. Thats not counting the tens of thousands of Americans who lost their lives, the many more who were maimed physically, and those that were maimed mentally.
Sure, if you were a defense contractor it made you rich. But it did not make the country as a whole richer.
The same is true for every other war - we would have been better off not having the war. War only makes you richer when not having it makes you poorer, like if not having it means living under foreign occupation.