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 Daniel J. Ikenson, Associate Director, Center for Trade Policy Studies, Cato Institute; Scott Lincicome, International Trade Attorney, White & Case, LLP; and Donald J. Boudreaux, Professor, George Mason University Department of Economics
and Adjunct Scholar, Cato Institute; moderated by Brandon Arnold, Director of Government Affairs, Cato Institute.
The 112th Congress begins its term amid renewed optimism about prospects for U.S. trade liberalization. But how long will this window of opportunity remain ajar? Despite trade’s benefits, Americans remain skeptical because of the tendency of politicians and media charlatans to blame foreigners for domestic shortcomings. Thus, in addition to securing the immediate goal of concluding and passing trade liberalizing agreements in 2011, advocates of trade should update their arguments and invest in the process of winning the trade debate once and for all. Some of the most compelling arguments for free trade have been only modestly summoned or absent from the discussion for too long. Please join us for a discussion of those compelling arguments that take the case for free trade well beyond the value of exports.