Source: Bet On It
by Bryan Caplan
“The idea of credibility probably looms even larger in foreign policy than in economics. Everyone knows that you can’t trust other countries’ promises of good intentions, right? The reason, supposedly, is that national leaders are tirelessly scheming to advance their national interests — and will happily lie, cheat, and betray rival countries to do so. This, in turn, sustains the international deadlocks that dominate headlines decade after decade.” (02/12/26)