Moral Hazard and Socialism in Collective Security Agreements
Audio Mises Daily · Mises Institute
November 3, 2014
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Collective security agreements allow many countries's politicians to shift the cost of national defense to taxpayers outside their own countries. Moral hazard, belligerence, and over-reliance on military solutions often ensue, writes Patrick Barron.
This audio Mises Daily is narrated by Robert Hale.
Topics
InterventionismWar and Foreign Policy