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 Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; Russell Rumbaugh, Director, Budgeting for Foreign Affairs and Defense Program, Stimson Center; Laura Peterson, Senior Policy Analyst, Taxpayers for Common Sense; moderated by Laura Odato, Manager of Government Affairs, Cato Institute.
The Obama administration plans to spend $7.6 billion in the coming year on nuclear weapons, but that does not reflect the full cost of maintaining and operating the nation’s nuclear arsenal. There is additional spending for nuclear nonproliferation and for nuclear reactors. And the military spends many billions more on multiple delivery platforms: bombers, missiles, and submarines. How much of this spending is necessary for U.S. national security? Could the United States maintain a credible deterrent with a smaller, less expensive force? Join us for a discussion with national security and budget experts who will discuss nuclear-weapons spending in the current budget and explore plans for the nation’s nuclear arsenal.
The Cato Institute gratefully acknowledges the support of the Ploughshares Fund in helping make this event possible.