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Moral Hazard and Socialism in Collective Security Agreements

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Tags War and Foreign PolicyInterventionism

11/03/2014Patrick Barron

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.

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