Naval protection of peacetime commerce: An attempted but failed subsidy October 5, 2010Posted by Guest Blogger in Analysis.
Tags: Budgetary Savings from Military Restraint, Cato Institute, defense spending
By Benjamin Friedman
Benjamin Friedman is research fellow in defense and homeland security studies at the Cato Institute.
The Cato Policy Analysis that I recently completed with my colleague Christopher Preble, Budgetary Savings from Military Restraint, has enough detail about cutting the defense budget to bore most casual readers to tears. (Risa Trump wrote about it here anyway) But the description of the non-interventionist* strategy that underlies the cuts is full of ideas and statements that may stir more people’s interest or ire.
One such statement is that, “despite its popularity, there is scant evidence for the claim that international commerce requires American military hegemony.” Read more…