The roughly 10 million men who were mobilized for the war came back home and were almost seamlessly absorbed into the labor force, as economic production boomed, flying in the face of all Keynesian predictions and utterly obliterating the ridiculous notion that the level of spending is what determines output in the economy. As soon as governmental central planning had abated for the first time since the 1929 crash, and as soon as prices were allowed to adjust freely, they served their role as the coordinating mechanism for economic activity, matching sellers and buyers, incentivizing the
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