Concern over the nation’s looming deficit has prompted a renewed focus on the need for spending cuts. Some in Washington would shield the Pentagon’s budget from scrutiny, but several newly elected members of Congress who have put deficit reduction at the top of their agenda have said that military spending cuts must be on the table. The costs associated with being the world’s policeman, they say, are simply too high. The United States must seek ways to shift the burdens of defense to other countries who have enjoyed the free ride at American taxpayers’ expense for too long. Who will prevail? In what ways will fiscal constraints force Washington to reconsider the purpose of American military power? Will Washington rein in its ambitions as defense spending comes down, or will our troops be forced to bear additional burdens? Please join us for a discussion of these issues.
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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