Obesity remains a serious health problem and it is no secret that many people want to lose weight. Behavioral economists typically argue that “nudges” help individuals with various decisionmaking flaws to live longer, healthier, and better lives. In an article in the new issue of Regulation, Michael L. Marlow discusses how nudging by government differs from nudging by markets, and explains why market nudging is the more promising avenue for helping citizens to lose weight.
In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Benjamin Friedman, Research Fellow in Defense and Homeland Security Policy, Cato Institute; Elbridge Colby, Center for Naval Analyses; Hans M. Kristensen, Director of the Nuclear Information Project, Federation of American Scientists; and Matt Fay, PhD Program, Temple University History Department; moderated by Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute.
President Obama recently voiced his ambition to reduce the U.S. nuclear arsenal to as few as 1,000 deployed warheads. Yet while the United States has cut the arsenal’s size greatly since the Cold War’s end, its missions and composition have barely changed. Around 1,600 deployed nuclear weapons remain tied to a triad of systems — bombers, intercontinental ballistic missiles, and submarine-launched ballistic missiles — that are designed for preemptive strikes against enemy arsenals. Current plans call for modernizing all three systems, which could cost taxpayers over $100 billion. A new Cato White Paper — The End of Overkill? Reassessing U.S. Nuclear Weapons Policy — argues for getting rid of the triad by basing U.S. nuclear weapons exclusively on submarines. It explains how the triad came from bureaucratic compromises, not strategic necessity; punctures the myths that sustained it; and shows how its burden on taxpayers is increasingly unjustified.
Please join us for a discussion of these issues at a forum featuring the paper’s authors and two leading experts on U.S. nuclear policy.