Moral Hazard, Pakistan Edition
May 17, 2011 at 18:40 PM EDT
The United States can’t pursue al Qaeda alone. We need help from other nations. To encourage nations to provide that help, the U.S. created the Coalition Support Fund to reimburse coalition partners for the costs they incur fighting terrorism. As Adam Entous reports in the WSJ, the prospect for such “reimbursement” creates an obvious incentive: [...]
