Ryan McMaken and Zachary Yost talk about the recent freak-out over the Chinese balloon, American foreign-policy moralism, and what sort of “threat” a balloon really represents. Also discussed is nuclear deterrence, American domestic spying, and why most states—including allies—spy on each other.

Additional Resources

“So Much Hot Air: The (Fake) China Threat Strikes Again!” by Joseph Solis-Mullen: Mises.org/WES_08_A

Be sure to follow War, Economy, and State at Mises.org/WES.