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 Senator Tom Coburn, M.D.
(R-Oklahoma); Stephen Slivinski, Director of Budget Studies, Cato Institute; and Veronique DeRugy, Research Fellow, American Enterprise Institute
The zeal to cut government spending seems to be absent from the Republican Congress these days. The same members who were swept into office on the promise of making government smaller have presided over the largest spending increases since Lyndon Johnson. President Bush has assisted this growth by not vetoing a single bill in his first term and by proposing increases in the federal budget for various pet programs. Does Bush’s new budget reverse the trend, or is it simply more of the same? Please join us for a discussion of how the Republican budget revolution went astray and what can be done to get it back on track.