Israel has transformed military service from a civic obligation into economic opportunity
Assaf Bondy and Adam Raz write: When Hamas launched its attack on Israel on October 7, 2023, and Israel went to war, economists worldwide braced for a familiar pattern. History teaches us that wars devastate economies in predictable ways: people stop buying cars and furniture, businesses shut down, unemployment soars, and governments take over the economy by spending massively on weapons and military equipment. Israel seemed destined for this classic wartime economic transformation. Defense spending has shot up by more…