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 author, Robert Sloan, Managing Partner, S3 Partners; with comments by James J. Angel, McDonough School of Business, Georgetown University; and Frank Hatheway, Chief Economist, NASDAQ OMX. Moderated by Mark A. Calabria, Director, Financial Regulation Studies, Cato Institute.
In the aftermath of the financial collapse, regulatory agencies such as the Securities and Exchange Commission targeted short sellers as a contributor to the crisis. In Don’t Blame the Shorts, Wall Street veteran Robert Sloan examines how short sellers provide liquidity and transparency to our capital markets. The panel also explores why short sellers are often portrayed as the villains when they expose corporate fraud and mismanagement.