Military Spending Is Not the Same as Defense Spending

Originally appeared at the American Institute for Economic Research. The world is a mess, and conservative politicians talk about increasing “defense spending.” This has obvious appeal. After all, who can be against defending the country? The problem is that most of...

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Biden’s Unforced Taiwan Error

The US is not obliged to defend Taiwan, and because of that China hawks have been agitating for at least the last year to make an explicit security guarantee to protect Taiwan against attack. Last week, President Biden made another unforced error when he affirmed that...

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