In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Ted Galen Carpenter, Vice President for Defense and Foreign Policy Studies, Cato Institute; and Ian Vásquez, Director of the Project on Global Economic Liberty, Cato Institute.
Despite the horrendous impact the Drug War has had on our Latin American neighbors, the U.S. government seems determined to perpetuate, even escalate, the anti-drug crusade. Ending the prohibitionist system would produce numerous benefits for the United States and Latin America alike. Join Cato experts Ted Galen Carpenter and Ian Vásquez for a discussion of Carpenter’s book, Bad Neighbor Policy: Washington’s Futile War on Drugs in Latin America, a candid portrait of the situation in Latin America, and some recommendations for improvements.