How Debt Finance Leads to War and Defense Spending

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Manage episode 204144217 series 1740975
By Niskanen Center - The Science of Politics and Niskanen Center. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
We’re increasing defense spending and launching military strikes—and we’re putting it all on the national credit card. That may be no coincidence. Sarah Kreps finds that Americans are more supportive of wars when they are financed through debt rather than taxes. Across the world, Matt DiGiuseppe finds that a nation's creditworthiness leads to more military spending, especially in response to threats. Military power and conflict used to be financed by taxes, limiting democracies' appetites--but now that accountability has been lost.

51 episodes