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 Alex Nowrasteh, Cato Institute; Shikha Dalmia, Reason Foundation; Stuart Anderson, National Foundation for American Policy; and John Tyler, Kauffman Foundation; moderated by Kelly William Cobb, Senior Director of External Affairs, Cato Institute.
What impact has immigration had on the U.S. economy over these last few decades? How will immigration reform change the economy for native-born Americans? These vital questions must be answered so that immigration reform produces a good outcome for Americans. With few exceptions, immigrants expand the size of the economic pie by creating businesses and expanding the scope and quantity of economic production—with mostly positive affects on Americans. To understand this complex phenomenon, different types of immigrants—those who are higher skilled and those who are lower skilled—and their various impacts on the American economy will be examined in detail.