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The Game Theory Of Military Spending

Economics Explained
Economics Explained
Episode • Sep 8, 2023 • 13m

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Is $2.2 trillion per year wasted on the military, or is this massive spending necessary to defend the freedoms we enjoy? In this video we explain why military spending may be a necessary evil using the prisoner's dilemma and reframing some narratives about military spending you may have heard.

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