The United States maintains nearly 1,600 deployed nuclear weapons and a triad of systems — bombers, intercontinental ballistic missiles (ICBMs), and submarine-launched ballistic missiles (SLBMs) — to deliver them. Current plans call for modernizing all three legs of the nuclear triad, which could cost taxpayers over $100 billion. A just-released Cato paper explains why a triad is no longer necessary. U.S. nuclear weapons policies have long rested on Cold War–era myths, and the rationales have aged badly in the two decades since the Soviet Union’s demise. Two of the paper’s authors, Benjamin Friedman and Christopher Preble, will discuss the origins of the nuclear triad and explain why a far smaller arsenal deployed entirely on submarines would be sufficient to deter attacks on the United States and its allies and would save roughly $20 billion annually.
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.
- Legal Briefs
- Cato Handbook for Policymakers
- Cato Journal
- Cato's Letter
- Cato's Letters
- Cato Papers on Public Policy
- Cato Policy Report
- Cato State Legislative Guide
- Cracking the Books
- Economic Freedom of the States of India
- Economic Freedom of the World
- Public Comments
- Supreme Court Review
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.
Latest CommentaryThe president is literally forcing taxpayers, without any legal authorization, to subsidize two out of every three Exchange enrollments.
Latest Blog Post
A nonprofit TV station asks the Supreme Court to review an outdated legal doctrine.
Timothy Sandefur’s insightful new book documents a vital, forgotten truth: our Constitution was written to secure liberty, not to empower democracy.