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 the coauthor Laurence J. Kotlikoff; with comments by Kevin Hassett, American Enterprise Institute; and Barry Bosworth, Brookings Institution.
In 2030, as 77 million baby boomers hobble into old age, how will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? In a new book, Laurence Kotlikoff and Scott Burns warn that if our government continues on the course it has set, we’ll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability.