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 C. Boyden Gray, White House counsel to former president George Bush, Wilmer, Cutler & Pickering; and Jerry Taylor, Director, Natural Resource Studies, Cato Institute.
A new left-right coalition of environmentalists, business interests, and former national security officials was launched recently to address America’s dependence on foreign oil. C. Boyden Gray, a member of the Steering Committee for the Energy Future Coalition, argues that promoting alternative-fueled vehicles and energy conservation would make us less vulnerable to enemies in the Middle East. Jerry Taylor argues that foreign oil dependence has no impact on national security and that additional corporate subsidies and consumer regulation will prove counterproductive. Join us for a spirited debate concerning the future of energy policy during the war on terrorism.