Hello everybody and thank you for tuning in to the weekly report.

Don't worry, it's not foreign aid, it's corporate welfare.

Faced with growing American frustration over more than 100 billion dollars spent on a

failed proxy war in Ukraine.

President Biden's handlers have hit on a gimmick to convince us that this foreign aid

is actually an investment in our own economy. In his recent television address, Biden explained that as we transfer more weapons to Ukraine,

we then will build new weapons at home to replace them. That explained Biden means more American jobs and a stronger

American economy. So Project Ukraine is not really about foreign welfare, but rather domestic corporate

welfare for the military industrial complex. Should that make us feel any

better? There is no denying that this nearly two-year Ukraine-Russian

war has been a boon for the US weapons industry, profits at the military.S. weapons industry profits at the military industrial complex are back to recognize

after a brief slump during the COVID scare.

And the money that goes to the weapons manufacturers also saturates Washington, D.C.

A little bit goes to the think tanks promoting war, another little bit goes to the political campaigns of

candidates who promote war and so on. As Connor O'Keefe reminds us in a

recent article at the Mises Institute,

the arguments that more war spending is good for the economy

ignore the broken window fallacy.

As first explained by French economist Frederick Bastia in his essay

that which is seen and that which is not seen. In the tale a shopkeeper has a window broken and must pay to have it replaced.

The locals view them as favorably as they see the $50 for a new window to be a benefit to the glacier which he will then spend thus

improving the economy as a whole. What is not seen however is what the

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