“People think that strength is a function of how much you spend,” says Christopher Preble, Vice President for Defence and Foreign Policy Studies at The Cato Institute. “We’ve confused having military strength with having the ability to actually make things happen.”

Preble sat down with Reason TV's Nick Gillespie at FreedomFest 2012 to discuss military spending, the Obama administration's handling of Libya, and Preble’s 2009 book, The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous and Less Free.

Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. ReasonTV spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks.

For an ever-growing playlist, go here.

About 5.21 minutes.

Camera by Tracy Oppenheimer and Alex Manning; edited by Joshua Swain.

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