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NATO and Moral Hazard

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This diavlog is tagged “Liberal vs. Libertarian Foreign Policy”; I guess I’m not convinced that there’s such a thing as a libertarian foreign policy (seems all warmed over realism to me), but then again I tend to be suspicious of claims that the word policy can be accurately used to characterize the anything that libertarians come up with. In any case, Preble does seem to get the moral hazard aspects of letting Georgia into NATO correct. But then Hurlburt correctly points out that not every alliance results in reckless behavior; Preble doesn’t have much of a response to that.

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