On this episode of "Hot Wash" we look at the US military’s peer adversaries from a “Free Markets” perspective. Are defense budgets bloated by threat inflation? RCD contributor John Waters and I speak with John Tamny, a frequent commentator on financial markets and the economy and the Editor at RealClearMarkets, the Vice President at the small government advocacy group FreedomWorks, and the author most recently of “The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution.”