Featuring Gene Healy, Vice President, Cato Institute; and Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
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.
Clint Bolick argues in his new book, written with Jeb Bush, that the three broad components of immigration reform—better immigration enforcement, a lawful pathway for future migrants, and the legalization of current unauthorized immigrants—must work together to produce a viable immigration policy. The 1986 Reagan amnesty failed because it was a partial reform that increased immigration enforcement but did not increase legal opportunities for lower skilled immigrants. The 2007 immigration reform bill failed to even pass the Senate for a similar reason—its guest worker visa program was eviscerated. Immigration reform must produce an easily enforceable law that allows the world’s best, brightest, and most industrious a chance to contribute to the American economy.