The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
THE QUESTIONS AMERICA SHOULD ASK
Fifty years ago, during a three-day period in August 1945, the United States dropped two atomic bombs on Japan, killing more than 115,000 people and possibly as many as 250,000, and injuring at least another 100,000. In the aftermath of the war, the bombings raised both ethical and historical questions about why and how they were used. Would they have been used on Germany? Why were cities targeted so that so many civilians would be killed? Were there likely alternative ways to end the war speedily and avoid the Allies' scheduled November 1, 1945, invasion of Kyushu?
Such questions often fail to recognize that, before Hiroshima and Nagasaki, the use of the A-bomb did not raise profound moral issues for policymakers. The weapon was conceived in a race with Germany, and it undoubtedly would have been used against Germany had the bomb been ready much sooner. During the war, the target